USD/CAD Consolidates Forward of Canadian CPI & BoC Assembly – USD vs CAD Worth
US Greenback vs Canadian Greenback Worth Forecast
- USD/CAD chart exposes pausing downtrend transfer
- Ranges and thresholds to think about
Final week, USD/CAD traded in a trendless transfer as each candlestick reversed the impact of the one earlier than. The weekly candlestick closed with a Doji sample reflecting market’s indecision at this stage.
Alongside that, the Relative Energy Index (RSI) deserted oversold territory. Nevertheless, the oscillator remained flat beneath 50 indicating highlighting that downtrend transfer was nonetheless intact.
USD/CAD DAILY PRICE CHART (April 5, 2018 – Jan 15, 2020) Zoomed Out
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