“USDCAD Shows Signs of Easing Negative Pressure – Analysis – 05-01-2026”

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“USDCAD traded higher within a narrow range during its latest intraday session after breaking above the main short-term bearish trend line. This move generated bullish momentum, allowing the pair to overcome the downside pressure from the 50-period EMA and opening the door to targeting higher resistance levels in the near term. Meanwhile, positive signals are emerging on the Relative Strength Index, despite the indicator approaching overbought territory.”

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