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USDCAD doubts September’s upturn
USDCAD started Friday’s NFP session with soft negative momentum after a stagnant day, which prevented the pair from examining its weekly high of 1.3564. While the technical indicators have barely shown any improvement, there is still a chance for a positive turnaround as long as the RSI maintains its rebound off its 30 oversold level and the MACD holds above its red signal line. Encouragingly, the price itself seems to have created a green doji candlestick on Thursday, but the candlestick pattern still needs confirmation. A decisive close below 1.3480 and beneath the 61.8% Fibonacci retracement of the December-July ... (full story)
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- Posted: Sep 6, 2024 7:01am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 5,538
