Technical Analysis – USDCAD rises back into cloud but remains neutral
Posted on November 6, 2015 at 7:56 am GMTUSDCAD has reversed its recent decline below the cloud and gained some upside momentum to close inside the cloud yesterday. Prices have risen above the tenkan-sen line which is now providing support at 1.3158. Technical signals are looking a bit more bullish – RSI has moved above 50 and MACD is attempting to rise above zero. But they are both horizontal so this suggests that the market will remain neutral in the near term. A decisive break above the cloud [..]