Technical Analysis – USDCAD looks to rebound near ascending trendline

USDCAD is testing the upward-sloping trendline drawn from the 3-month low of 1.3041 in the four-hour chart following Thursday’s pullback from the 1.3269 high. According to the fast Stochastics the odds for a rebound are increasing as the indicator is preparing to post a bullish cross below its 20 oversold mark. The RSI, however, is still […]