Technical: USDCAD recoups some losses after decline halts

{video}USDCAD has been in a steep downtrend after peaking at the 1.3850 region in mid-March. However, the pair managed to pause its retreat and pare some losses just shy of the 200-day simple moving average (SMA). Despite the minor bounce, the short-term oscillators remain deep in their negative territories, suggesting that the bearish bias is intact. ...     Alert Apr 6, 2023, 5:39pm Technical: USDCAD recoups some losses after decline halts {video}USDCAD has been in a steep downtrend after peaking at the 1.3850 region in mid-March. However, the pair managed to pause its retreat and pare some losses just shy of the 200-day simple moving average (SMA). Despite the minor bounce, the short-term oscillators remain deep in their negative territories, suggesting that the bearish bias is intact. ... 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