By Peter Stoneham — Nov 28 - 08:10 AM
Correction of the 1.3928-1.4175 rally holding just above the 10DMA: 1.4008
A 50% Fibo close behind at 1.3998, taken off the 1.3817-1.4178 climb
Market caught between gain consolidation and a reversal
A clear drop under 1.4000 might strengthen the reversal argument
Daily momentum readings are neutral
We lean bearish but will wait for stronger signals.
USD/CAD Trading Page TGM2345
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Source:
Refinitiv IFR Research/Market Commentary