Technical Analysis – USDCAD gains capped by 200 moving average

USDCAD is presently tackling the restricting 200-period simple moving average residing at the 1.3680 level, that being the 50.0% Fibonacci retracement of the down leg from 1.4047 to 1.3314. The existing bullish tone in the 50- and 100-period SMAs and the positive bearing of the Ichimoku lines further back additional price advances. The technical indicators […]