Technical Analysis – USDCAD rebounds above 3-year low but outlook is still negative

USDCAD is heading marginally north after the slip to the 1.2525 support level, however, the pullback off the descending trend line in the previous sessions signals a strong negative momentum in the broader outlook. From the technical view, the MACD oscillator is suggesting a flattening movement as it stands slightly below its zero and trigger […]