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USDCAD analyst forecast recommendation 12/19/2019


USDCAD pair is trading below 1.3115. On ne` puts pressure on Wednesday published data consumer price inflation in Canada, which showed e` growth at an annual rate of 2.2% against 2.1% a year earlier. This can cause a lack of commitment from the Bank of Canada to lower interest rates.



USDCAD price is below the average indicator Bollinger border lines below SMA SMA 5 and 14. RSI RSI is below 50%, and moves horizontally. Stoch takes place up.



Recommendations for USDCAD trade: 

Sell USDCAD pair with the probable aim of the local 1.3045.



Analytics Grand Capital


Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Special Forex shall not be liable for any damages in case of a vision materials.



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