Technical Analysis – USDCAD surpasses 20-day SMA with strong rally; 1-year high is next resistance hurdle
Posted on July 20, 2018 at 6:35 am GMTUSDCAD recorded a stunning rally on Thursday and continued the buying interest during today’s Asian session towards a three-week high of 1.3289. This week, the pair is in positive territory, so far for the second session in a row, after the rebound near the 1.3065 support that was reached on July 9. However, the momentum indicators seem to be in confusion and the market could ease a little bit in the short-term. The RSI indicator is currently sloping to the downside, increasing negative [..]