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Nov 15 - 03:55 AM

USD/CAD - New Trend High And Potential To Go Higher

By Peter Stoneham  —  Nov 15 - 02:20 AM
  • USD/CAD puts in another new trend high, 1.4071

  • We are short and caught at 1.3990 with a 1.4105 stop

  • Daily RSI is nearing overbought values

  • Fourteen day momentum is beginning to look stretched

  • The risk to our trade is a bout of gain consolidation

  • Little sign of bullish fatigue: run to 1.41 is on the cards

  • Drop under 1.3959 prev high needed to bring a wind change

  • USD/CAD Trading Page TGM2345

    For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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