USDCAD looks to be creating a floor around the 40-day simple moving average (SMA) below the 1.2900 round number. The technical indicators are failing to suggest a clear sign as the MACD is holding below its trigger line around the zero level, while the RSI is pointing slightly up near the neutral threshold of 50. […]
The post USDCAD Finds Floor at 40-Day SMA Below 1.2900 appeared first on Action Forex.
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