{video}USDCAD had been staging a solid recovery from its December low of 1.3176, but the 50-day simple moving average (SMA) prevented further gains. Despite the rejection, the 200-day SMA has been acting as a strong floor, thus the price is currently hovering between the converging SMAs. Considering that the MACD has climbed to its positive zone for the first time since late November, the pair could jump above the 50-day SMA and revisit its one-month peak of 1.3540. Conquering that hurdle, the bulls could attack 1.3618, a region that held strong multiple times in December. Further advances may then cease at the ... (full story)