Technical Analysis – USDCAD optimistic after correction from 50-month peak
USDCAD continues to find support from the mid-Bollinger band located at 1.4155, after a retracement from the multi-year top of 1.4667. Though price action has somewhat slowed, assisting this positive picture are the ascending simple moving averages (SMAs) and their intact bullish mode. Additionally, the short-term oscillators hold a positive bearing. The MACD, despite falling […]