USDCAD Nears May 2020 High Amid Slumping Oil Prices

שלשום

The USD/CAD currency pair is overbought, as signaled by the RSI and Stochastic indicators. The pair has the potential to consolidate near 1.395 if the 78.6% Fibonacci level holds as resistance.

On the other hand, the uptrend will likely resume if USD/CAD bulls can close and stabilize prices above the 1.409 mark.

Article: fxnews.me/usdcad-nears-may-2020-high-amid-slumping-oil-prices/