13.04.2020
The general trend is upward. Support level 1.3920 is holding back sellers. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness. A downward truncated H8 level pattern has formed.
Trading recommendations:
Buy while an ascending pattern is forming, where wave (A) breaks through an inclined channel of a descending truncated H8 level pattern.
Stop loss at a local minimum (1.3920).
Target levels: 1.4318; 1.4650.
USDCAD rate online: monitor the movement of the pair in real time.
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