USDCAD
The pair is consolidating at the level of 1.2680. It’s under pressure amid the weaker US dollar and higher crude oil prices, which supports the Canadian commodity currency.
Technical side:
The price is located below the lower Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and moves horizontally. Stoch are above the level of 50% and show a downward turn.
Trading idea:
Fixing the price below 1.2680 will result in a further drop to 1.2615.