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USDCAD analysis 13.04.2020

USDCAD

The general trend is upward. Support level 1.3920 is holding back sellers. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness. A downward truncated H8 level pattern has formed.

Trading recommendations:

Buy while an ascending pattern is forming, where wave (A) breaks through an inclined channel of a descending truncated H8 level pattern.

Stop loss at a local minimum (1.3920).

Target levels: 1.4318; 1.4650.

USDCAD rate online: monitor the movement of the pair in real time.

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