Sforex

Loonie : Potential Correction.

FX:USDCAD   U.S. Dollar / Canadian Dollar
173 0 4
I'm not surprised if USDCAD             corrects after strong rally.

I see many signals of incoming correction.

- Stoch indicator: %K cut %D
- RSI: the uptrend gradually lost momentum and there is a divergence between RSI and price.

Tomorrow, US GDP is the main focus. If the data cann't provide enough catalyst for the greenback, absolutely USDCAD             will correct.
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