Technical Analysis – USDCAD looks for a rebound after hitting 4 ½-month lows

USDCAD stretched the bearish wave towards 1.3100 on Thursday, the lowest level reached in 4 ½-months, but the RSI and the Stochastics suggest that it’s time for an upside correction as both indicators are currently fluctuating near oversold territory. The 1.3165 mark could potentially provide immediate resistance if the market attempts to recover. Breaking that […]