USDCAD extends rally towards June high
USDCAD extends its rally to 1.4148! Overbought RSI signals consolidation risk, but a break above 1.4247 could open the door to the April 2025 highs. A move below 1.4050 could signal fading momentum.
XM Group
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1 jam 11 menit yang lalu
Overview: USDCAD is extending its steady climb for a fifth consecutive session, trading near 1.4148, which is its highest since mid-July. The pair is now closing in on a full retracement of the summer pullback from June’s yearly high near 1.4247.
Momentum: The technical picture remains constructive, although overbought RSI and stochastic readings suggest the advance is becoming stretched and could be vulnerable to a period of consolidation.
Bullish scenario: If buyers remain in control, a break above the upper Bollinger band could bring the June high at 1.4247 into focus. Clearing this barrier could extend the advance towards the 123.6% Fibonacci extension at 1.4368, around the April 2025 highs.
Risk: A pullback below the nearest support at 1.4050 would signal that the latest bullish leg is losing momentum.
XM Group
4.3
425 ulasan
Tipe: Market Maker
Regulasi: FSA (Seychelles), FSC (British Virgin Islands), CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)
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