USD/CAD: 4H downtrend and short term upward movement
Break up on diagonal and horizontal resistance
A possible new price tendency for long
Higher peak and highe bottoms, big possibility for rise continuance
Moving averages in bulls formation
CCI(50) above 100 - strong short term sentiments for long
RSI above 50
USD got support after the protocols of the FED meeting showed a high possibility for an increase of the interest rates in US during June.
Stefan D. Angelov - Head of Stocks Trading
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