15.04.2020
The pair is correcting upward in anticipation of the final monetary policy decision by the Bank of Canada. It also supports the correction of crude oil prices.The pair may receive local support due to these two factors before turning down again.
Technical side:
The price is above the middle line of the Bollinger band, above SMA 5 and SMA 14. RSI crosses the line at 50% and gives a buy signal. Stoch are steadily growing up.
Trading recommendations:
Expect a local growth to 1.4080 before the pair turns down again due the resumed growth of oil prices.
USDCAD rate online: monitor the movement of the pair in real-time.
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