Technical Analysis – USDCAD slips back to retest 50% Fibonacci under 200-SMA

USDCAD has done little to recover Wednesday’s free-fall that led the price under the 200-period simple moving average (SMA) in the four-hour chart and slightly below the 1.3200 level. The momentum indicators, however, are currently favoring a bearish-to-neutral  picture for the short-term trading as the RSI is pointing towards its 30 oversold mark and the […]