24.07.2020
The pair is consolidating at 1.3425 amid the reduced demand for risk due to weak employment data in the US, which put pressure on the local stock market and the recovery of oil prices this morning. The pair may recover, although it still has the potential to continue to rise.
Technical side:
The price is below the middle Bollinger band, above the EMA 5 and SMA 14. RSI is located below the level of 50% and is growing. Stoch are also growing.
USDCAD rate online: follow the movement of the pair in real time.
Trading recommendations:
If the pair rises above 1.3425, it will go further to 1.3470. From this level, or if it does not break 1.3425, sell it with a target of 1.3315.
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