21.08.2018
USDCAD
The pair is in the trending downwards amid the decreased demand for the US dollar and the rising interest in the risk assets among investors. It is fairly possible that the pair will continue falling in light of the still increasing oil prices and this week's meeting between the US and China dedicated to the trade tariffs.
The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides under the 50% level and it trying to go upwards. Stoch are in the oversold zone and are yet uninformative.
Trading recommendations:
If the price falls below 1.3020, it may cause further fall down to 1.2970.
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