USDCAD is consolidating its gains made after a bounce to the October 27 high of 1.2916. Momentum indicators are relatively neutral. The rally off the 6-month low of 1.2061 from September to October has lost steam after finding strong resistance at the 50% Fibonacci retracement level (1.2922) of the downleg from medium-term downtrend from 1.3793 […]

USDCAD is consolidating its gains made after a bounce to the October 27 high of 1.2916. Momentum indicators are relatively neutral. The rally off the 6-month low of 1.2061 from September to October has lost steam after finding strong resistance at the 50% Fibonacci retracement level (1.2922) of the downleg from medium-term downtrend from 1.3793 […]