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USDCAD's upside could be tested
video USDCAD has been on the sidelines this week, constrained between the familiar 1.3450 resistance and key upward-sloping line from August 2021 at 1.3400. The technical picture is leaning softly to the bullish side as the RSI is flattening slightly above its 50 neutral mark. Meanwhile, the MACD is gradually recovering above its red signal line but within the negative zone, while the Stochastic oscillator has already reached its 80 overbought level, reflecting fading upside pressures ahead of the Canadian employment report. Nevertheless, sentiment will remain jittery if the pair continues to face limitations around ... (full story)
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- Feb 10, 2023 7:51am Feb 10, 2023 7:51am
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- Posted: Feb 10, 2023 7:42am
- Submitted by:Category: Technical AnalysisComments: 3 / Views: 1,537
