Technical Analysis – USDCAD holds a bullish bias but strong resistance awaits near 2-month high
Posted on March 29, 2019 at 8:11 am GMTUSDCAD has gained little this week but it managed to hold above the 20-day moving average (MA) and re-enter the 1.34 area, with the technical indicators feeding prospects for a possible positive short-term trading; the RSI holds well above 50 , while the MACD continues to strengthen in bullish territory and above its red trigger line. Also, in Ichimoku indicators, the red Tenkan-sen keeps rising higher the blue Kijun-sen. Yet, the pair is facing strong resistance near its previous peak [..]