05.10.2020
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. The descending H2 level pattern is currently truncated, a "double bottom" pattern is forming, an extended bullish divergence is also forming on Awesome Oscillator.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is declining. Stoch are entering the oversold zone.
The USDCAD rate online: monitor the price movement in real time.
Trading recommendations:
Sell the pair with its probable decline to 1.3230.
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