USDCAD
The pair found support at 1.2760 after local growth last week and the same decline. The pair may resume growth if market sentiment doesn’t improve and crude oil prices don’t resume a noticeable increase.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and moves horizontally. Stoch are uninformative.
Trading recommendations:
If the pair holds above 1.2760, it will resume local growth to the 1.2870.