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.
USDCAD rate online: monitor the price movement in real time.
Trading recommendations:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated H2 level pattern.
Stop Loss at the local minimum (1.3265).
Target levels: 1.3350; 1.3416.
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