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USDCAD had a bearish start to Friday after yesterday’s spike to a new two-month high of 1.2876. The pair has also increased its distance above its positively-sloped moving average lines and the Ichimoku cloud, indicating that the recent down move might not hold for long. Momentum signals are in a confusion. The RSI has reversed lower in the positive region, while the MACD is strengthening its bullish move above its trigger and zero lines. An upside correction could retest the 1.2814 key mark before attention turns to the 14-month high of 1.2960. Moving higher, the 1.3134 barrier from November 2020 may halt any ... (full story)