Tuesday, 4 October 2022

USD/CAD Rate Pulls Back to Generate RSI Sell Signal

USD/CAD may face a larger pullback over the coming days as the Relative Strength Index (RSI) falls back from overbought territory to indicate a textbook sell signal.

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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...