Technical Analysis – USDCAD in horizontal mode; dives below flat MA’s
USDCAD lost ground once again within a sideways market – that begun around April 6, – falling under the directionless simple moving averages (SMAs) and the 1.4011 level, that being the 38.2% Fibonacci retracement of the up leg from 1.2951 to the 50-month peak of 1.4667. The decline towards the lower boundary of the range […]