USD/CAD tests the immediate barrier at the rectangle’s upper boundary around 1.3910. The pair is consolidating within a rectangle pattern, with the 14-day RSI above 50 indicating bullish consolidation ...

USD/CNH tests the immediate support at the lower boundary of the rectangle around 168.80. The 14-day Relative Strength Index remains below the 50 level, indicating a prevailing bearish bias. The ...

Shabbir Kayyumi of Narnolia Financial Advisors said the rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. The rectangle is a ...