09.10.2020
The pair is trading below 1.3200 as the US dollar weakens, new economic data is released in Canada, and crude oil prices have been rising over the recent days.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold zone and moves horizontally. Stoch are also in this oversold zone.
USDCAD rate online: monitor the price movement in real time.
Trading recommendations:
The pair may correct up to 1.3200. If it fixes below this level, it will continue to drop to 1.3140.
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