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
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