USDCAD Looks Ready for Bearish Retracement

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<p>USDCAD battles with 200-day SMA Holds above downtrend line But momentum indicators show weak signals USDCAD is holding above the medium-term ascending trend line and is moving back and forth from the flat 200-day simple moving average (SMA) at 1.3483. The technical indicators are still located in the bullish area, with the MACD stretching slightly […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/537021-usdcad-looks-ready-for-bearish-retracement/">USDCAD Looks Ready for Bearish Retracement</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>