Technical Forecast USDCAD 20.03.2020
USDCAD pair has been falling in the wake of lowering tensions on the markets, large-scale stimulus measures by the Central Bank of the world, the weakening dollar and rising oil prices.
Price USDCAD tests midline indicator Bollinger, it is below 5 SMA and SMA 14. removals intersect thereby give a signal for sale. Relative Strength Index RSI is reduced. Stoch entered the oversold zone.
USDCAD trading decision
USDCAD pair is trading below 1.4415. We believe that the pair has a local potential drop to 1.4150
Analytics Grand Capital
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