Analytics pair USDCAD is based on the circular level, price channels and altered wave analysis.
Technical Forecast USDCAD today 17/02/2020
The general trend in the pair USDCAD upward. Support level 1.3235 USDCAD hinders sellers. Formed double truncated design level H2 and H1. Indicators Awesome Oscillator shows a bullish divergence. Stochastic Oscillator indicator in pereprodannosti range. Presumable pullback was formed in the range of 365 and 135 moving averages.
USDCAD trading decision:
Today traders should buy the pair USDCAD on forming ascending structure where the wave (AC) breaks sloping channel H2 level of the descending structure.
Stop Loss below the local minimum (1.3235).
Target levels - 1.3300; 1.3320
Analytics Grand Capital
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