USD/CAD Rate Rebound Unravels Following Test of 50-Day SMA
(MENAFN - DailyFX) Canadian Dollar Talking Points USD/CAD pares the rebound from the monthly low (1.2610) as it struggles to climb back above the 50-Day SMA (1.2744), and the rebound from the yearly low (1.2589) appears to have been a correction in the broader trend rather than a change in behavior as key market themes remain in place.USD/CAD Rate Rebound Unravels Following Test of 50-Day SMA Advertisement USD /CAD struggles to retain the advance following the US Retail Sales report even though longer-dated Treasury yields hold above pre-pandemic levels, and the exchange rate may consolidat...
Source: menafn.com