Technical Analysis – USDCAD preserves a bearish tone, trapped in a range

USDCAD seems to be on track to reach a significant support structure, despite its overall neutral picture reflected in the flat 200- and 100-day simple moving averages (SMAs), which are not giving any obvious direction. The short-term oscillators reflect the stall in negative directional momentum. The MACD in the negative region has flattened below its […]