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USDCAD Battles With 50-day SMA

USDCAD Battles With 50-day SMA
USDCAD had been in an uptrend since March, posting a fresh 30-month high of 1.3976 before experiencing a downside correction. In the short-term, the pair attempted to edge higher after breaking above its sideways pattern, but its advance got rejected at the 50-day simple moving average (SMA). The momentum indicators currently suggest that near-term risks remain […] The post USDCAD Battles With 50-day SMA appeared first on Action Forex... Read More
Posted: Jan 20 2023, 08:53
Author Name: actionforex
Views: 110561

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