The USD/CAD looks poised for a reversal as the pair finally closed above the 10-Day SMA (0.9972), and I would like to go long at the 20-Day SMA (1.0022) as I expect the pair to recoup the losses from earlier this year. However, as the DailyFX Speculative Sentiment Index continues to cast a bearish outlook for the dollar-loonie, I will sit pat until we see the ratio come back from positive territory.
Canadian Dollar Cross Pick 02.13.2012
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
NZD/USD Rate Eyes June 2020 Low as RSI Sits in Oversold Territory
2022-05-11 00:30:00
NZD/USD Outlook Mired by Failure to Push Back Above 50-Day SMA
2022-04-21 22:30:00
NZD/USD Rate Recovery Emerges Ahead of 50-Day SMA
2022-04-12 23:00:00
NZD/USD Rate Rebounds from 200-Day SMA to Eye Yearly High
2022-04-05 00:30:00