USDCAD is attempting to pierce below the 200-day simple moving average (SMA) after its latest recovery from the 1.3041 level, which extended the price past all SMAs but fell short of the resistance structure. The pair seems to be imprisoned within the 1.3382 and 1.3015 structure lasting nearly five-months, something also backed by the converging SMAs. The short-term oscillators, although improving, reflect some easing in the positive momentum. The MACD is rising above its red trigger line in the positive [..]
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