Tuesday, 25 April 2017 10:34 Written by

USDCAD Technical Analysis 25.04.17 by Grand Capital


The pair is traded higher than 1.3520 level amid the weakening of the crude oil quotes, as it is unclear if the OPEC is going to extend the oil cuts.

The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI resides under the overbought zone and moving horizontally. Stoch also reside in the zone.



Trading recommendations:
The pair may correct downside to 1.3500-20, but if it stays above this level, there is a possibility that it will continue rising to 1.3600.



Read 144 times Last modified on Tuesday, 25 April 2017 10:38

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