USDCAD Technical analysis 5.12.2016 by GrandCapital‏

The pair has found support on the level of 1.3260 amid the oil price surge that occured after the OPEC summit last week . If the correction continues, the pair may correct upwards.

The price is on the middle Bollinger band, higher than SMA4, but sill lower than SMA14. RSI resides lower than 50% level and is trying to turn upwards. Stoch continue rising.

Trading recommendations: Buy the pair as the correction continues and upon the breach of the 1.3355 level, considering its possible rise up to 1.3400.

Source: https://grandcapital.net