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Nov 26 - 03:55 AM

USD/CAD - Bear Pattern Negated By Sharp Tuesday Rally

By Peter Stoneham  —  Nov 26 - 01:55 AM
  • Sharp gains to a new 1.4178 2024 high

  • The move negates a potential bearish continuation pattern

  • USD/CAD moving higher within a daily trend channel

  • Channel parameters are at 1.3944 and 14199

  • Momentum, RSI and slow stochs confirming the latest rally

  • Next bull targets are from 2020 at levels in the high 1.42s

  • We stand aside for now but will monitor pullbacks

  • USD/CAD Trading Page TGM2345

    For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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