Technical Analysis – USDCAD pauses four-day slide
Posted on March 29, 2024 at 9:00 am GMTUSDCAD pauses bearish correction near support area Technical signals are weak amid holiday-thinned liquidity conditions All eyes turn to the US core PCE inflation due at 12:30 GMT USDCAD was trading with soft positive momentum around 1.3547 during Friday’s early European trading hours as investors headed into the Easter holiday. Technically, the pair found support around its 20-day simple moving average (SMA) after a four-day decline. Notably, the SMA lines played a key role as pivot points during the [..]