Friday, December 6, 2019
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Technical Analysis – USD/CAD returns above the trendline

USD/CAD returns above the trendline, but rebound capped by 100-day MA. USD/CAD has been restricted by the 100-day simple moving average (SMA) in recent sessions, after buyers aggressively reversed the pair back above the uptrend line, reestablishing a neutral-to-bullish picture. Despite the bearish demeanor of the 20- and 50-day SMAs, the 200-

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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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