Tuesday, 11 May 2021

USD/CAD Eyes September 2017 Low as RSI Sits in Oversold Zone

The oversold reading in the Relative Strength Index (RSI) may continue to coincide with a further decline in USD/CAD like the behavior seen in December.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...