08.10.2020
The pair is trading above the strong support level of 1.3245 amid the rising crude oil prices and expectations of a new peacemeal stimulus package in the US, which weakens the US dollar.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is gradually declining. Stoch are in the oversold zone.
USDCAD exchange rate online: monitor the price movement in real time.
Trading recommendations:
If the price goes below 1.3245, it will drop further to 1.3200.
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