The USDCAD settled in its recent intraday trading near yesterday’s highest level, attacking the top of the minor bearish channel that was limiting its previous trading on the short-term basis, accompanied with hitting the resistance of its EMA50, creating a strong resistance area that forced the price to rebound in attempt to gain the required positive momentum for this breach to surpass all of its negative pressures, and it attempts to offload some of the clear overbought conditions on the (RSI)
