years on the market

USDCAD technical analysis 26.06.2020

USDCAD

The pair is in a narrow range of 1.3500-1.3665. It’s likely to decline today amid rising oil prices and improving market sentiment, which is reflected in increased demand for risky assets.

Technical side:

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is below the 50% level and indicates a weakening of the price growth. Stoch are declining.

Trading recommendations:

Expect further decline to 1.3500.

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

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