USD/CAD Faces RSI Buy Signal After Clearing September 2017 Low
May 13, 2021 at 15:47 PM EDT
USD/CAD has cleared the September 2017 low (1.2061), as it has dipped to a fresh yearly low (1.2046) in May. Yet the Relative Strength Index (RSI) is indicating a textbook buy signal as it climbs out of oversold territory and pushes above 30.