From the most recent bearish impulse to the downside, USDCAD managed to recover those loses and closed the day above the 61.8% retracement level.
RSI is showing signs of weakness by providing some divergence with price action.
Heading into the weekend close on Friday, it appears price action managed to break below the ascending mini channel formation.
RSI is showing signs of weakness by providing some divergence with price action.
Heading into the weekend close on Friday, it appears price action managed to break below the ascending mini channel formation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.