Technical Analysis – USDCAD challenges 3-month low; finds some footing at 200-day SMA

USDCAD is trading around the vicinity of 1.3440 – 1.3515, being the bullish gap from March 6. The pair plunged to a three-month low of 1.3467 on Thursday’s session, hitting the flat 200-day simple moving average (SMA). The technical indicators are standing in oversold territories in the short-term. The MACD is still falling below its […]