USDCAD analysis 30.01.2020

The 1.3210 support level is holding back buyers. An ascending truncated pattern was formed. A bearish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator signals overboughtness.

Trading recommendations:

Buy while a descending pattern is forming, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.

Stop loss for the local maximum: 1.3210.

Target levels: 1.3154; 1.3124.