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USDCAD Technical Analysis 22.07.2016

USDCAD

The pair is rising amid the fall in oil prices and the fact that the US interest rates are about to rise in the coming months.

The price is higher than the upper Bollinger band, higher than SMA5 and SMA 14. RSI is testing the border of the overbought zone. Stoch are already there.
 

Trading recommendations: Buy the pair once the 1.3130 level is breached and the possible rise up to 1.3190, and then to 1.3290.

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