USD/CAD remains on the back foot around 1.3600 after reversing from a three-month high the last week, not to forget the previous day’s U-turn from an important resistance line. That said, the Loonie pair teases bears around the intraday low of 1.3590 during early Tuesday morning in Europe. In doing so, the Loonie pair not only defends the previous day’s U-turn from a four-month-old resistance line but also justifies the overbought RSI (14) line and the impending bear cross on the MACD indicator. Additionally luring the USD/CAD sellers is the previous day’s Doji candlestick on the Daily chart. With this, the Loonie ... (full story)