Previous low at 1,0204 has held USD bears from a mayor sell-off. Although the main trend remains bearish, intraday opportunities to long the pair can turn out to be profitable.
Now, the 50% Fib resistance at 1,0580 seems to have temporarily capped bullish momentum and 4 hour RSI under overbought pressure can indicate that the short term rally is over for the moment.
USD/CAD 4 hour chart.
César B.Leiceaga
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