Technical Analysis – USDCAD bulls relax under 200-day SMA
Posted on September 20, 2019 at 7:24 am GMTUSDCAD bulls relaxed near the 200-day simple moving average (SMA) on Thursday, letting the price slip back into the 1.3200 handle. According to the RSI and the MACD, traders could behave neutral in the short-term as the former hovers around the 50 mark and the latter is showing little strength around its red signal line. Although the pair managed to inch above the 50% Fibonacci of the downleg from 1.3563 to 1.3015 this week, it could not close above it, [..]