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Friday, March 3, 2023

Technical: USDCAD loses steam within a trading range

Forex Factory
 
 
Alert Alert Mar 3, 2023, 6:08pm
 
Technical: USDCAD loses steam within a trading range
{video}USDCAD has been on the sidelines over the last four months as 1.3700 seems to be a real struggle for the bulls. In the near-term, the market is losing steam but the bounce off 1.3225 remains on cards. Technically, the RSI is changing direction to the downside and towards its 50 neutral mark, while the stochastics are dropping from the overbought ...
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