USD/CAD Breaks Above Declining Trendline and Tags Parity

Trendline break: There is a trendline projected from the 1.0441 high from June 1. This week starts (10/29) with a break above this trendline, which started last Friday (10/26). The RSI reading also broke above 60, a sign that the bearish momentum from the downswing since June is lost. Targets: The…

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USD/CAD Breaks Above Declining Trendline and Tags Parity