By Peter Stoneham — Oct 25 - 02:00 AM
USD/CAD still overbought and still heading higher
New trend high of 1.3868 recorded Thursday
Our 1.3830 offer filled on-route to the new high
We are positioned counter trend but with a tight stop
Daily RSI is now bumping along sideways with a 71 reading
Positive fourteen day momentum has faded slightly
Trend tracking support from the 10DMA is at 1.3811
Minimum correction of 1.3420-1.3868 rally is at 1.3762
USD/CAD Trading Page TGM2345
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Source:
Refinitiv IFR Research/Market Commentary