Daily reviews

USDCAD

The pair consolidates above the level of 1.3135 amid the slowing growth of crude oil prices and in anticipation of the ECB and the Fed's monetary policy decisions. If the oil prices correct downwards, the pair may recover locally, although the general prediction is still downtrend.

The price is …

The overall movement is upward, as evidenced by the 365 and 150 moving averages. Now the stock is trading in the range of moving averages. A Fractal start formed above 150 (bulls broke through the moving average). Breaching of the Fractal Start will result in a formation of an uptrend …