CAD not reacting too much to USD as it is horizontal looking for strength. CAD horizontal move into wedge pattern and the fact that we are on the top side of RSI suggests a fall. There maybe still a some top side for CAD if USD falls again. It will need to do some clearing of RSI before significant upside can be achieved.
Comment:
CAD still moving sideways. Not a lot to say here. R3 needs to be broken for any upside. And of course USD needs more action. New Zealand dollar is a far better trade than CAD right now.
Comment:
USD rising as CAD falls. Target .79020
Comment:
CAD hit pivot and rebounded. USD falling. Upside possible. Still under 20 day moving average.
