USD/CAD Supported Near Equilibrium
USD/CAD Supported Near Equilibrium Day: The USD/CAD was seen declining towards the equilibrium area of the recent channel after failing to break its resistance. This goes back to early last week’s update on the USD/CAD . Now, the market has almost reached 61.8% retracement and pivoted at 1 .0330. This is near the middle (equilibrium) of the channel so it is expected to show some support. 4H: The 4h chart shows the RSI reading dipping below 30, but this simply reflects movement within a wide