01.10.2020
The pair is declining amid the rising demand for risk assets, which puts pressure on the US dollar, the release of Canadian GDP, and the rising crude oil prices.
Technical side:
The price is located below the lower Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level. Stoch are in the oversold zone.
USDCAD rate online: monitor the price movement in real time.
Trading recommendations:
Sell the pair with a probable decline to 1.3230 after going below 1.3285.
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