USDCAD Pierces Bullish Flag But Caution Remains

<p>USDCAD bounced aggressively by 1.6% on Wednesday to close slightly above the 1.4100 level and the descending channel that seems to be part of a bullish flag pattern. While the move brought hopes that the trend could improve, the momentum indicators have yet to show clear positive signals. The MACD remains stable below its red [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/287672-usdcad-pierces-bullish-flag-but-caution-remains/">USDCAD Pierces Bullish Flag But Caution Remains</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>