Home About the company Daily reviews USDCAD technical analysis 29.06.2020

USDCAD technical analysis 29.06.2020

29.06.2020

Market Review

USDCAD

The pair is attempting to break from the range of 1.3500–1.3665. If the crude oil prices resume falling and the dollar remains in demand as a safe haven currency, the pair may rise further.

Technical side:

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is above 50% and is moving horizontally. Stoch are moving down.

UASCAD rate online: monitor the price movement in real time.

Trading recommendations:

If the pair consolidates above 1.3665, it will be likely to continue local growth to 1.3785.

Author: admin
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