Technical Analysis – USDCAD steers lower, trapped inside a trading range  

USDCAD is currently declining towards the lower band of the Ichimoku cloud, though still confined within a consolidation that commenced on April 6. Looking towards the Ichimoku lines and the cloud, they suggest the sideways market may endure a while longer, with their somewhat horizontal tone. Turning to the short-term oscillators, they too portray a […]