 USDCAD had been in an uptrend since March, posting a fresh 30-month high of 1.3976 before experiencing a downside correction. In the short-term, the pair attempted to edge higher after breaking above its sideways pattern, but its advance got rejected at the 50-day simple moving average SMA. The momentum indicators currently suggest that near-term risks remain ... The post USDCAD Battles With 50-day SMA appeared first on Action Forex... 