Technical Analysis – USDCAD creates bearish correction in near term; positive outlook intact
USDCAD takes a negative path after the pullback on the more than four-year peak of 1.4668 registered on March 19, revisiting the 1.3930 support level beneath the 20-day simple moving average (SMA) in the short-term. The Ichimoku indicators are suggesting a neutral to bearish movement as the cloud remains near the current market price, which fell below the […]