{video}USDCAD had been in a steady downtrend since late May, generating a clear structure of lower lows. However, the pair found its feet at the nine-month bottom of 1.3115 and retraced back higher, with the price challenging the ascending trendline that connects the pair's higher lows from November 2022 since early May. The momentum indicators currently suggest that near-term risks are tilted to the upside. Specifically, the RSI is flatlining comfortably above its 50-neutral mark, while the stochastics are positively charged within the 80-overbought zone. Should the price extend its advance above the trendline and ... (full story)