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USD/CAD at the Crossroads

posted by DannyBly 43 days ago in CAD, Technical, Daily made popular 42 days ago

Looking at USD/CAD, we can see a major bullish SMA crossover on the daily (50 SMA crossing 200 SMA). Price is trading within a major symmetrical triangle, and the minor symmetrical triangle within it provides near resistance to the upside. Momentum reflected in RSI remains on the gate, modestly bullish (around 50 and flatish)
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