26.02.2019
USDCAD
The pair is trading within a short-term downtrend. If crude oil price continue correcting downwards, the pair will be expected to experience a local growth.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. Moving Averages are signaling to buy. RSI is above the level of 50% and is moving horizontally. Stoch have entered the overbought territory.
Trading recommendations:
Buy the pair after it passes the mark of 1.13205 and takes hold above it with a local target of 1.3250.
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