Monday, 18 April 2016 16:37 Written by

USDCAD Technical analysis 18.04.2016 by Grand Capital‏

The market opened with a gap amid the unsatisfactory results of the Doha summit. Because of the pessimism and the probable oil price weakening the pair will keep rising.

The price is higher than the upper Bollinger band, higher than SMA5 and SMA14. RSI keeps rising. Stoch are entering the overbough zone

Trading recommendations:  Buy the pairs with approximate targets of 1. 3015 and 1.3100.



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