The descending pattern of the H4 level is truncated. Awesome Oscillator shows Bullish divergence, while Stochastic Oscillator signals oversold conditions. The price is trading in the range of the round important level of 0.8900. USDCAD rate online: monitor the price movement in real time.
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The support level of 77.75 is holding back sellers. The overall trend is upward. The descending construction is truncated. A Bullish divergence is formed on Awesome Oscillator, and the Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks …
The pair is trading just below 1.2150, receiving some support amid weaker US dollar due to the expectations of large-scale measures for the US economic recovery by the Congress at the end of this month.
Technical side:
The price is located above the middle Bollinger band, above the EMA …
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