FXstreet.com (London) – EUR/CAD‘s pop higher above 1.42 seems to have stalled ahead of the 1.43 handle.
A research team at TD Securities explained that the intraday patterns of trade look soft, with the 6-hour charts suggesting a minor high is in for the session. “That may see the market gravitate towards the mid/upper 1.41 area in the next few days where the 40-day MA currently resides (1.4167)”. They suggested to look for more, choppy range trade for now.
The 20 DMA is 1.4150, the 50 DMA is 1.4060 and the 200 DMA is 1.3635. RSI (14) 52.72. Supports …read more