Technical: Is the sell-off in USDCAD overdone?

USDCAD is set to close the month on a negative note despite the rally to a five-month high of 1.3860 on March 10th. Having dived back below its 20- and 50-day simple moving averages (SMAs) after the formation of a bearish doji candlestick near the 61.8% Fibonacci retracement of the 2020-2021 downtrend, the pair is currently eyeing the important support ...     Alert Mar 31, 2023, 5:43pm Technical: Is the sell-off in USDCAD overdone? USDCAD is set to close the month on a negative note despite the rally to a five-month high of 1.3860 on March 10th. Having dived back below its 20- and 50-day simple moving averages (SMAs) after the formation of a bearish doji candlestick near the 61.8% Fibonacci retracement of the 2020-2021 downtrend, the pair is currently eyeing the important support ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support