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Dec 04 - 04:55 AM

USD/CAD - Bull Run Momentum Beginning To Fade; Dec. 2 High Key

By Peter Stoneham  —  Dec 04 - 02:50 AM
  • Tight early Wed action just below the 1.4089 Dec. 2 high

  • We are maintaining a long play from 1.4010 for 1.4170 with a 1.3950 stop

  • Climb above 1.4089 sees our stop raised to just below the 1.3997 daily kijun

  • Fourteen day momentum clinging to a positive reading but RSI is falling

  • We look for the 10DMA, 1.4022, to begin supporting a bull trend resumption

  • USD/CAD Trading Page TGM2345

    For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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