Technical Analysis – USDCAD searches for a close above 50-SMA; short-term bias bullish

USDCAD has been building an upward trajectory over the past three weeks and is currently searching for a daily close above the 50-day simple moving average (SMA). The short-term bias is viewed positive at the moment as the RSI is gaining momentum above its 50 neutral mark and the MACD is strengthening above its red […]