24.04.2019
USDCAD
The pair is in uptrend in anticipation of the final interest rates decision of the Bank of Canada. They are expected to remain the same, but the bank may reveal its intention to abandon the rate-hiking policy in the future or even hint at reduction of interest rates in the end of the year.
The price is above the upper Bollinger band, above SMA 5 and SMA 14. RSI is entering the overbought territory. Stoch are already there.
Trading recommendations:
Sell the pair as it breaks the level of 1.3455 with a likely growth to 1.3535.
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