USDCAD attempts to ease overbought conditions (Analysis – 12-01-2026).

3

USDCAD declined during its latest intraday session, despite maintaining positive support from trading above the EMA50 and remaining under the dominance of the primary short-term bullish trend, with prices moving along a supporting trend line. The pullback appears to be a corrective move aimed at consolidating prior gains and easing pronounced overbought conditions on the relative strength indicators, particularly as negative overlapping signals emerge, which could help restore bullish momentum and support a renewed advance.

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