USDCAD has been in an uptrend since March, storming to a fresh 30-month high of 1.3976 before experiencing a downside correction. Even though the pair erased part of its recent pullback, it has been rangebound in the last few daily sessions, with the 50-day simple moving average (SMA) capping its downside. The momentum indicators currently […]
The post USDCAD Stuck in Range, Supported by 50-day SMA appeared first on Action Forex.
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