04.07.2018
USDCAD
The pair is trading on the level of 1.3125 and it’s under pressure due to the increased crude oil prices and the decreased tension concerning trade wars on the world markets.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving down smoothly. Stoch are in the oversold zone.
Trading recommendations:
If the price passes 1.3125, it may go further down to 1.3065.
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