USD/CAD (daily chart) has shown a marked decline after touching and respecting strong resistance around 1.0050, just above parity. This retreat of the past two days follows a bearish divergence indication between price and oscillator (Stochastics), indicating a potential loss of the bullish trend momentum that has been in place since the September 0.9630 low.
Read More... [Source: Forex Crunch - Posted by FreeAutoBlogger]
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