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USDCAD Rests Near 50-day SMA Above Downtrend Line

USDCAD Rests Near 50-day SMA Above Downtrend Line
USDCAD is still trading above the short-term descending trend line and the strong 50-day simple moving average (SMA), which lies near the 1.3570 support. The MACD oscillator is holding above its trigger and zero lines; however, the stochastic posted a bearish cross within its %K and %D lines near the overbought territory, indicating that the […] The post USDCAD Rests Near 50-day SMA Above Downtrend Line appeared first on Action Forex... Read More
Posted: Dec 9 2022, 09:36
Author Name: actionforex
Views: 110613

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