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Nov 25 - 03:55 AM

USD/CAD - New Pullback Low Into Early Monday Rebound

By Peter Stoneham  —  Nov 25 - 02:50 AM
  • A new pullback low of 1.3928 and a rebound to 1.3957 early Monday

  • Our short trade target met at 1.3940: we book just over a percent profit

  • Still see downside risk and will look to sell again

  • Fourteen day momentum positive and diverging bullishly but RSI is falling

  • Longish candle shadows last week and into this week, clouding direction

  • We will monitor rallies to 1.4020

  • USD/CAD Trading Page TGM2345

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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