03.07.2018
USDCAD
The pair stopped growing as crude oil prices reverse upwards due to the suspension of oil extraction in Libya and to the market’s doubts that Saudi Arabia’s increase in crude oil extraction would lead to its overstocking on the world market.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is trying to reverse downwards. Stoch are moving down.
Trading recommendations:
If the price passes 1.3165, it may go down to 1.3100.
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