Bearish
USD/CAD trades near 1.3850 after surpassing 9-day EMA; bearish trend persists.
The USD/CAD pair continues its bearish trend, trading around 1.3850 after breaking the 9-day Exponential Moving Average (EMA). Technical indicators suggest a persistent downward bias, with the Relative Strength Index (RSI) near 46, indicating stabilized but moderate bearish pressure. The pair remains within a descending channel, reinforcing the bearish outlook.
Key points
- USD/CAD trading near 1.3850 after surpassing 9-day EMA; bearish trend persists.
- RSI at 46 indicates stabilized bearish pressure; no oversold conditions yet.
- Pair remains within a descending channel, reinforcing bearish outlook.
Sources
AI-generated from public news sources. Not financial advice.
