USDCAD
The pair is testing the strong support level of 1.4260 again on the wake of the drop in oil prices, which is traded around levels which were last seen in 2003.
The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI resides higher than 50% …
EURUSD
The pair will most probably keep consolidating in 1.0880-1.0970 range befor the New Year.
The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI is higher than 50% level and is moving horizontally. Stoch turned downwards after leaving the overbought zone.
Trading recommendations: We expect …
EURUSD
The pair is consolidating as many of the world's biggest financial centres are shut down due to the Christmas eve. Investors activity level is pretty low.
The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI is higher than 50% level and rising. Stoch are …
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