Technical Analysis – USDCAD struggles near 21-month low after dramatic slump

USDCAD continues the strong sell-off over the last six days, hitting a new 21-month low of 1.2950, at the end of last year. After the bearish cross within the 20- and 40-simple moving averages (SMAs), the price started a downside rally, falling below the 1.3015 – 1.3040 key area. However, from a technical viewpoint, the […]