USDCAD is tiptoeing across the 1.2060 support barrier, related to the critical trough from back in September 2017, after the latest downfall ticked to a 6-year low of 1.2012. The sliding bearish simple moving averages (SMAs) are defending the negative structure, while the Ichimoku cloud continues to overshadow hopes of improvements in the pair. The current snapshot of the flattening Ichimoku lines is implying that negative momentum is taking a breather. This is also being expressed in the short-term technical indicators, which are conveying a marginal growth in buying interest. The MACD is improving past its red ... (full story)