USDCAD analysis 20.07.2020

The currency pair is trading in the range of the upper border of the descending price channel. Stochastic Oscillator indicates an overbought condition, while Awesome Oscillator indicates a bearish divergence. The ascending H1 level pattern is truncated.

Trading recommendations:

Sell when a descending wave pattern is formed.

Stop Loss: 1.3600.

Target levels: 1.3525; 1.3501.