Technical Analysis – USDCAD stalls around mid-Bollinger band; momentum freezes

USDCAD stunned, rests at the mid-Bollinger band around 1.4070 after a deflection off the upper band at the 1.4263 level, that being the 23.6% Fibonacci retracement of the up leg from 1.2951 to 1.4667. The price appears undecided for now as do the short-term oscillators, which display conflicting directional signals. The MACD is in the […]