Technical Analysis – USDCAD flirts with sharper selling interest; neutral in near term

USDCAD came close to ending the day near the 1.3850 support level, near the lower surface of the Ichimoku cloud, posting a strong sell-off session. This movement drove the simple moving averages (SMAs) to complete a bearish crossover in the short-term, and the technical indicators to head sharply lower. The stochastic is hovering in the […]