Technical Analysis – USDCAD neutral in 1-month range; long-term bearish trend remains intact

USDCAD is neutral for now after a correction of the long-term downtrend stalled ahead of the key 1.3000 level. The market is trading in a range and capped below the 200-day moving average. USDCAD has climbed to the upper end of the one-month range and has found strong resistance at the 50% Fibonacci retracement (1.2922) […]