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USDCAD optimistic after correction from 50-month peak
video USDCAD continues to find support from the mid-Bollinger band located at 1.4155, after a retracement from the multi-year top of 1.4667. Though price action has somewhat slowed, assisting this positive picture are the ascending simple moving averages (SMAs) and their intact bullish mode. Additionally, the short-term oscillators hold a positive bearing. The MACD, despite falling below its red trigger line, is still deep in the positive zone, while the RSI remained in the bullish section, hovering above the 50 level. Further boosting an appreciation in price are the bullish stochastics, which have room to move. If ... (full story)