Technical Analysis – USDCAD sustains neutral picture; indicators suggest bullish move

USDCAD rebounded on the significant 23.6% Fibonacci retracement level of the down leg from 1.4170 to 1.3315 at 1.3518, trying to erase some losses in the very short-term. The upside tendency in the technical indicators are giving some optimism for fresh gains. The stochastic is moving towards the overbought territory, while the RSI is touching […]