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USDCAD deflects off 1.29 hurdle, soft uptrend still intact
USDCAD buyers have emerged around the Ichimoku lines at 1.2743 after the fresh pullback from the 1.2900 mark. Currently, the simple moving averages (SMAs) are endorsing a neutral-to-bullish trend in the pair. At the moment, the Ichimoku lines are not conveying any clear driving forces, while the short-term oscillators are transmitting mixed signals in directional momentum. The MACD, slightly in the positive zone, is holding above the red trigger line, while the RSI has started to turn higher just above the 50 threshold. Meanwhile, the negatively charged stochastic oscillator continues to promote additional bearish ... (full story)