USDCAD Nears May 2020 High Amid Slumping Oil Prices
The USD/CAD currency pair is overbought, as signaled by the RSI and Stochastic indicators. The pair has the potential to consolidate near 1.395 if the 78.6% Fibonacci level holds as resistance.
On the other hand, the uptrend will likely resume if USD/CAD bulls can close and stabilize prices above the 1.409 mark.
Article: fxnews.me/usdcad-nears-may-2020-high-amid-slumping-oil-prices/
On the other hand, the uptrend will likely resume if USD/CAD bulls can close and stabilize prices above the 1.409 mark.
Article: fxnews.me/usdcad-nears-may-2020-high-amid-slumping-oil-prices/
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