19.09.2018
USDCAD
The pair is still under pressure as the US-Canada talks on North American trade are expected to have a positive outcome. Also, CAD is receiving support amid growing crude oil prices.
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. Stoch are in the oversold territory.
Trading recommendations:
The pair has a chance to continue falling down to 1.2900 after taking hold below 1.2975.
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