9 December 2015, 18:10 USD/CAD breakout to fresh multi-year highs
USDCAD’s breakout to fresh multi-year highs has coincided with a renewed bullish turn in both trend and momentum indicators.
There are few major resistance levels ahead of 1.4500, however we maintain a cautious eye toward USDCAD as we consider the negative divergence in momentum indicators through most of 2015—with neither the MACD or RSI providing confirmation to the continued rally in USDCAD.
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