20.08.2018
USDCAD
The pair is trading higher than 1.3050 supported by the possible interest rate hike by Canada's Central Bank in September due to the increasing inflation.
The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides under 50% level and moving horizontally. Stoch are in the oversold zone.
Trading recommendations:
The pair's fall below 1.3050 may provide the grounds for a further decrease down to 1.3000.
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