{video}USDCAD is moving sideways today, trading a tad above the 2023 low. The bearish trend that commenced since the March 10, 2023 peak remains dominant in this currency pair. In addition, a series of lower lows and lower highs is currently in place with the bears aiming for the next trough to take place below the June 27, 2023 low of 1.3116. With the Average Directional Movement Index (ADX) confirming the presence of a muted bearish trend in the market, the focus is on the stochastic oscillator. It is edging lower, battling with its moving average (MA). A successful move above the MA would unsettle the bears’ plan, ... (full story)