USDCAD technical analysis 13.07.2020
The pair remains in a very narrow range of 1.3480–1.3630 ahead of the OPEC+ meeting on crude oil supply regulation, as well as the Bank of Canada’s monetary policy meeting this week.
Technical side:
The price is on the middle Bollinger band, on the level of SMA 5 and below SMA 14. RSI is located below the 50% level and is moving horizontally. Stoch are in the oversold zone.
USDCAD rate online: monitor the price movement in real time.
Trading recommendations:
If the price falls below 1.3550, it may go further down to 1.3480.
