16.09.2019
USDCAD
The pair is recovering from a drop amid the news about the attack on oil fields in Saudi Arabia, which caused a strong increase in crude oil prices by 10%. If this does not develop into a military conflict between Riyadh and Tehran, oil prices will drop and the pair will rise.
The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is above the level of 50% and turns up. Stoch is still declining.
Trading recommendations:
Buy the pair if it rises above the level of 1.3255 with a local target of 1.3300.
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