Derived Data That Drive Results
By Peter Stoneham — Oct 21 - 06:30 AM
USD/CAD resumes its underlying bull run, ignoring overbought condition
A third day of gains since basing at 1.3748
Daily RSI is at 69.90 and rising
Fourteen day positive momentum is looking stretched
Initial resistance at 1.3838, high from Oct. 15
A late November 1.3650-80 cloud twist might drag on further USD gains
Risk is to the upside and the Aug and 2024 1.3945 high
USD/CAD Trading Page TGM2345
For more click on FXBUZ
USD/CAD daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
