• Technical Analysis – USDCAD shifts to bearish bias as it breaks below 2-month range

    12/28/17, via XM (blog)

    USDCAD is shifting to a bearish bias as it breaks out of a 2-month range after finding a strong resistance area formed by the upper bound of the range and the 200-day moving average as well as the 50% Fibonacci of the downleg from 1.3793 to 1.2061. RSI