29.06.2018
USDCAD
The prolonged period of consolidation is over for the pair, as the tensions on the world markets decrease, and the Bank of Canada is expected to raise the interest rates after all, while crude oil prices are expected to grow.
The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone. Stoch have entered the oversold zone.
Trading recommendations:
The pair may correct upwards to 1.3265 but if the positive tendencies on the markets remain, it may resume falling down to 1.3170.
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