Derived Data That Drive Results
By Peter Stoneham — Nov 28 - 02:15 AM
Corrective phase off the 1.4178 2024 high just resting on the 10DMA, 1.4008
A 50% Fibo close behind at 1.3998, taken off the 1.3817-1.4178 climb
Market caught between gain consolidation and a reversal
A clear drop under 1.4000 might strengthen the reversal argument
Daily momentum readings are neutral
We lean bearish but will wait for stronger signals
USD/CAD Trading Page TGM2345
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Source:
Refinitiv IFR Research/Market Commentary
