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Dec 02 - 05:55 AM

USD/CAD - Adjustment Over And Bull Run Resumes

By Peter Stoneham  —  Dec 02 - 03:50 AM
  • Strong early Monday rebound and potential bullish resumption

  • Adjustment of the Nov. 26 spike to 1.4178 year's high has run its course

  • Underlying bull trend off the Sept. 25 1.3420 low reinstating itself

  • Positive momentum and rising RSI confirming the bounce already

  • We lean bullish and will monitor any pullbacks

  • Longer-term bull run intact while price above 1.3980 trend support

  • USD/CAD Trading Page TGM2345

    For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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