20.06.2019
USDCAD
The pair breached the previous minimum level of 1.3245 amid the global weakness of the USD following the Fed meeting. It has the potential for further drop, which is supported by the growth attempts of oil prices.
The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI has entered the oversold territory. Stoch are already there and aren’t informative.
Trading recommendations:
Wait for the pair to resume falling to 1.3100 after taking hold below 1.3245.
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