Wednesday, October 23, 2019
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Technical Analysis – USD/CAD short-term bias is neutral-to-bearish

USD/CAD bears reverse below 200-day SMA and 50.0% Fibonacci. USD/CAD trades between the converging simple moving averages (SMAs) with the sellers attempting to move underneath the 50-day SMA, after a deflection off the upper band of a two-month trading range. The signals from the tangled SMAs are indistinct. However, the MACD, although

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Technical Analysis – USD/CAD slips under 200-SMA

USD/CAD slips back to retest 50% Fibonacci under 200-SMA. USD/CAD has done little to recover Wednesday’s free-fall that led the price under the 200-period simple moving average (SMA) in the four-hour chart and slightly below the 1.3200 level. The momentum indicators, however, are currently favoring a bearish-to-neutral picture for the short-term trading as the

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