 USDCAD had a lukewarm start to December, barely gaining bullish traction despite taking support from the 20-day simple moving average SMA at 1.3394. The pair has completed two consecutive negative months, charting a bearish head and shoulders pattern around the 29-month peak of 1.3976. Even though the bulls attempted to deactivate the bearish structure above ... The post USDCAD Steps on 20-SMA; Bears Still Present appeared first on Action Forex... 