18.06.2019
USDCAD
The pair is testing the strong resistance level of 1.3415 while receiving support due to the ambiguous crude oil prices and expectations of the Bank of Canada following the Fed in their decision to reduce interest rates.
The price is above the middle Bollinger band, above SMA 5 and sMA 14. RSI is again crossing the overbought territory. Stoch are reversing upwards.
Trading recommendations:
Buy the pair as it breaks out and takes hold above 1.3415 with a possible further growth to 1.3500.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
