FX:USDCAD U.S. Dollar/Canadian Dollar
the gains just keep coming for USD against CAD. major trouble area has been broken and price has now stalled at 1.41. Looking for price to make the push through and continue the upward march as the only real threats are this week's NFP and the future of oil prices.
yeah it is. The fact that it is overbought does not necessarily mean it will turn around right away.The upward trend may slow down, it just might continue upwards despite being overbought or it just may reverse. Indicators aren't magic so use them as a helping tool to ur analysis and not an absolute