USDCAD Bullish Reversal Faces Major Test

<p>USDCAD has been fighting for a close above the 200-day simple moving average (SMA) at 1.3450 and the five-month-old bearish channel without success over the past few days despite the recent spike to 1.3500. The pair is exhibiting its best monthly performance since February, and this week’s bounce off 1.3370 helped the pair to stay in the green […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/513880-usdcad-bullish-reversal-faces-major-test/">USDCAD Bullish Reversal Faces Major Test</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>