USDCAD analysis 20.07.2020

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.