By Peter Stoneham — Nov 06 - 01:45 AM
Significant bullish jolt and potential for a bull trend resumption
We have taken our 1.3945 offer off the table
Only a three day bear run preceding but a bullish engulfing line possible
Key resistance at 1.3959, Nov. 1 high
Break above this level could put the underlying bull trend back in the game
Daily momentum studies are confirming the rally
We stand aside for now: waiting for the dust to settle
USD/CAD Trading Page TGM2345
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Source:
Refinitiv IFR Research/Market Commentary