29.05.2019
USDCAD
The pair is trading below the level of 1.3500 in anticipation of today’s Bank of Canada’s monetary policy meeting. If the bank not only leaves the interest rates as they are, but hints at a possible decrease in the near future, the pair may resume growing.
The price is above the middle Bollinger band, on the level of SMA 5 and SMA 14. RSI is reversing below the overbought territory, Soch are also reversing downwards within this zone.
Trading recommendations:
If the pair passes 1.3500, it may resume growing to 1.3550.
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