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
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Source:
London Stock Exchange Group | Thomson Reuters