By Peter Stoneham — Dec 09 - 02:45 AM
Strong Friday rebound out of the Thursday
Our long target met at 1.4170 following early Monday push to 1.4175
We manage to book a little over 1% profit on the 1.4010 long play
The high just shy of the 2024 peak at 1.4178 from Nov. 26
Daily RSI is diverging but both momentum and slow stochs have room to lift
There is pullback risk but could be limited
Little in the way of good support until the Friday 1.4019 low point
We see risk of a correction lower within the underlying bull trend
USD/CAD Trading Page TGM2345
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Source:
London Stock Exchange Group | Thomson Reuters