USDCAD analysis


Technical reviews

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold condition.

USDCAD rate online: monitor the price movement in real time.

Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern.
Stop Loss under the local minimum of the descending pattern.
Target levels: 1.2820; 1.2890.

Author: GC
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