USD/CAD Eyes a Break of Month-to-month Resistance
Canadian Greenback Technical Evaluation
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USD/CAD – Paused Uptrend Momentum
On Nov 20, USD/CAD rallied to 1.3327 – its highest degree in six weeks. Later, the worth slipped again then settled close by 1.3300 deal with. This week, the worth has not been capable of revisit the final week’s excessive, indicating that much less patrons have been becoming a member of the market.
The Relative Power Index (RSI) remained flat above 50, indicating to a paused uptrend momentum.
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USD/CAD DAILY PRICE CHART (Sep 1, 2017 – Nov 29, 2019) Zoomed Out
USD/CAD DAILY PRICE CHART (June 18– Nov 29, 2019) Zoomed In
From the every day chart, we discover on Nov 22 USD/CAD rebounded close by the low finish of present buying and selling zone 1.3256 -1.3357. Highlighting, majority of patrons continued holding their positions. This brought about the worth to rally once more eyeing a take a look at of the…