17.11.2020
The pair is trading above 1.3065. It’s affected negatively by the rising crude oil prices, which in turn are rising following the new global trade agreement signed by Asian countries this weekend.
Technical side:
The price is below the middle Bollinger band, above SMA 5, but below SMA 14.RSI is below the 50% level and is turning up. Stoch are reversing upwards in the oversold zone.
The USDCAD rate online: monitor the price movement in real-time.
Trading recommendations:
Sell the pair after it crosses the 1.3065 with a possible decline to 1.2995.
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