Technical Analysis 09.04.2019

USDCAD

The pair broke from the triangle following the growth of crude oil prices and the expected reduction of interest rates by the Fed.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving down. Stoch aren’t informative.

Trading recommendations:

Sell the pair with a target level of 1.3250.