23.07.2020
The pair remains under pressure amid the rising crude oil prices, global weakness of the US dollar and the latest figures from Canada. If the former two factors remain in effect, the pair will continue to decline.
Technical side:
The price is below the middle Bollinger band, below PMA 5 and SMA 14. RSI is located in the oversold zone and moves horizontally. Stoch also entered this zone.
USDCAD rate online: monitor the price movement in real time.
Trading recommendations:
If the price falls below 1.3400, it will drop further down to 1.3315.
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