USDCAD daily chart The technical bias has turned bullish as the price failed to hold below 1.2500 resistance area around the 200-days simple moving average I mentioned in my prior chart analysis. 1.2600 resistance turned support now should limit any...
First retest to the broken support area (shaded) was rejected. The price continues to hold below the falling trend line and the 200-days simple moving average. While we may see further sideways action, the upside should be limited to areas near the...