USDCAD Retreats after Bullish Spike to 2-Month High

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USDCAD Retreats after Bullish Spike to 2-Month High

USDCAD had a bearish start to Friday after yesterday's spike to a new two-month high of 1.2876. The pair has also increased its distance above its positively-sloped moving average lines and the Ichimoku cloud, indicating that the recent down move might not hold for long. Momentum signals are in a confusion. The RSI has reversed lower in the positive region, while the MACD is strengthening its bullish move […]

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