USDCAD Eases as it Fails to Clear the Upper Boundary of the Channel

<p>USDCAD was stubbornly fighting near the 1.2875 resistance, which is the upper boundary of the consolidation area of 1.2450-1.2875, but failed to jump above it. The area has been holding since December 2021 and only a violation of 1.2875 or below 1.2450 may change the neutral view. The technical picture, however, suggests a bearish bias [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/441569-usdcad-eases-as-it-fails-to-clear-the-upper-boundary-of-the-channel/">USDCAD Eases as it Fails to Clear the Upper Boundary of the Channel</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>