USDCAD technical analysis 29.06.2020
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.
