Technical Analysis – USDCAD gains some ground; still negative in medium-term
USDCAD found some footing around the nine-month low of 1.3015 last week and completed the fifth consecutive green day. Currently, the pair is approaching the 40-simple moving average (SMA), experiencing some gains above the 1.3145 barrier. The stochastic oscillator seems to be strengthening momentum above the 80 level, while the RSI is standing above the 50 level with […]