{video} USDCAD held its footing above the resistance-turned-support trendline drawn from the 2020 peak and bounced back into the 1.3700 area on Tuesday. The latest bullish action shifted the attention back to the 1.3800-1.3860 region ahead of the Bank of Canada’s policy meeting, with the technical indicators promoting further progress in the market. The RSI has resumed its positive slope above 50 and the MACD is heading higher above its red signal line. Conversely, the stochastic oscillator is staying close to its 80 overbought level, implying that the bulls are lacking the strength to push upwards. Also, the price ... (full story)