USDCAD is Found Within a Sideways Channel; Neutral Outlook

<p>USDCAD has been trading sideways during the last month with an upper boundary the 1.2796 resistance and lower boundary the 1.2649 support. However, despite the neutral outlook there are some positive signs as the pair is trading above its 50- and 200-period simple moving averages (SMAs), with the former crossing recently above the latter, raising […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/431105-usdcad-is-found-within-a-sideways-channel-neutral-outlook/">USDCAD is Found Within a Sideways Channel; Neutral Outlook</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>