Technical Analysis – USDCAD breaks triangle to the upside

USDCAD has successfully broken the upside border of the symmetrical triangle on Tuesday, letting the bulls to comfortably run as high as 1.3520 on Wednesday – near five-month highs. The market, however, seems to be nearing overbought zone according to the fast Stochastics that are searching for a bearish cross above 80, with the slowing RSI backing this view […]