Canadian Dollar Trades Sideways
Prepared by Jamie Saettele
Another day passes and there remains very little to say regarding the USDCAD. The range continues to tighten and there will not be much to say until the pair can sustain a break. Trend indicators are bearish as price is below its 20 and 50 day averages and a trendline. Downside pressures remain as long as 10057 is intact. A drop below 9831 sets sights on the downward sloping trendline.