Subscribe To
USDCAD Technical Analysis - What's Next?
On the daily chart below for USDCAD, we can see that after a huge rally back towards the key support now turned resistance at 1.3664, the price has stalled and it’s now consolidating between the resistance and the support at 1.3553. The moving averages have crossed to the upside as the trend changed from bearish to bullish. Another thing to note is the weakness in oil as the global growth is threatened by restrictive monetary policies and recessionary data. The CAD being a commodity currency suf...
Read More
Posted: May 3 2023, 09:24
Author Name: forexlive
Views: 081831