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USDCAD Rebounds Strongly Above 200-day SMA
USDCAD has been generating a structure of lower highs after peaking at the 2023 high of 1.3860 in mid-March. Although the pair managed to bounce off its May low and reclaim the 200-day simple moving average (SMA), the developing bearish flag pattern is indicating that the price could soon experience a bearish breakout. The momentum indicators […] The post USDCAD Rebounds Strongly Above 200-day SMA appeared first on Action Forex...
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Posted: May 12 2023, 08:21
Author Name: actionforex
Views: 110820