{video}USDCAD corrected sharply lower to a nine-month low of 1.3200 on Thursday, following the close below the support trendline, which had been buffering downside movements since November. The pair is in the third week of declines and could keep going down despite today's lack of selling pressure. The RSI and stochastic oscillator are close to oversold levels, suggesting a sideways move or upside reversal, but they are not changing direction to the upside yet. The falling MACD is also reflecting dampened market sentiment. It’s also worthy to note that the 50- and 200-day simple moving averages (SMAs) have posted a ... (full story)