USDCAD Rises After Finding Support on Ascending Line

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2020/03/f-cad70.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2020/03/f-cad70.jpg 612w, https://www.actionforex.com/wp-content/uploads/2020/03/f-cad70-600×400.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>USDCAD rebounds off the uptrend line Holds within short-term SMAs MACD and RSI muted bearish momentum USDCAD is hovering within the downward sloping 20- and the 50-day simple moving average (SMA) lines but is still standing above the medium-term rising trend line. The pair found support near the 1.3655 support level and the bearish correction [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/528847-usdcad-rises-after-finding-support-on-ascending-line/">USDCAD Rises After Finding Support on Ascending Line</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>

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