18.08.2020
The pair remains in a short-term downtrend amid the fundamental weakness of the US dollar and the return of oil prices to recent local highs. If this trend continues, the pair will continue to fall.
Technical side:
The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is over the oversold zone and declining. Stoch are not informative.
USDCAD rate online: monitor the price movement in real time.
Trading recommendations:
After the pair fell below 1.3200, it will likely go further down to 1.3100.
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