Usdcad bullish and bearish read the caption
The 14-period Relative Strength Index (RSI) oscillates inside the 40.00-60.00 range, indicating indecisiveness among investors.
A downside move below February 22 low at 1.3442 would expose the asset to February 9 low at 1.3423. A breakdown below the latter would extend downside towards January 15 low at 1.3383
On the flip side, the Loonie asset would observe a fresh upside if it breaks above December 7 high at 1.3622. This will drive the asset towards May 26 high at 1.3655, followed
A downside move below February 22 low at 1.3442 would expose the asset to February 9 low at 1.3423. A breakdown below the latter would extend downside towards January 15 low at 1.3383
On the flip side, the Loonie asset would observe a fresh upside if it breaks above December 7 high at 1.3622. This will drive the asset towards May 26 high at 1.3655, followed