Has USDCAD Started a New Bullish Cycle?
USDCAD rose quickly above the tight bearish channel, but soon stopped around February’s lows and near its 20-day SMA on Thursday. The pair is set to close the month down by 2.3%, marking its worst monthly performance since 2021. That said, the recent bullish channel breakout continues to look promising as both the RSI and […] The post Has USDCAD Started a New Bullish Cycle? appeared first on Action Forex.
USDCAD rose quickly above the tight bearish channel, but soon stopped around February’s lows and near its 20-day SMA on Thursday. The pair is set to close the month down by 2.3%, marking its worst monthly performance since 2021. That said, the recent bullish channel breakout continues to look promising as both the RSI and […]
The post Has USDCAD Started a New Bullish Cycle? appeared first on Action Forex.
