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USDCAD loses battle with key resistance; uptrend stagnates
video USDCAD saw its bullish efforts evaporate near the tough resistance of 1.2824 for the second time at the start of the week despite the peak at 1.2895, with the price aggressively slumping to 1.2832 in the aftermath. The short-term risk is currently viewed as neutral as the RSI has paused its downfall around 50, while the MACD has pulled lower within the positive area to test its red signal line. As regards the market trend, the bullish intersections between the simple moving averages (SMAs) are still endorsing the upward trajectory from the June lows, though the pair’s incapability of creating fresh higher ... (full story)