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USDCAD Weakens after Bullish Rally in Near Term

Started by PocketOption, Sep 02, 2022, 01:06 pm

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PocketOption

USDCAD Weakens after Bullish Rally in Near Term

USDCAD is showing some signs of weakness after three straight green days and a spike near the 20-month peak of 1.3225. In trend indicators, the 20- and 50-day simple moving averages (SMAs) posted a bullish crossover, confirming the bullish bias in the short- and long-term timeframe. The technical oscillators are presenting some contradicting signs. The […]


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