14.08.2020
The pair remains in a short-term downtrend. The fundamental weakness of the US dollar, as well as a local increase in crude oil prices within a narrow flat range, may put pressure on the pair.
Technical side:
The price is below the middle Bollinger indicator, at SMA 5 and below SMA 14. RSI is above the oversold zone and turns down again. Stoch are growing.
USDCAD rate online: monitor the price movement in real time.
Trading recommendations:
If the pair falls below 1.3200, it may go further down to 1.3150.
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