Technical Analysis – USDCAD hits new 6-month high
Posted on September 26, 2014 at 7:48 am GMTUSDCAD hit a new 6-month high today at 1.1131 with scope to revisit the 1.1277 hit in March, which is the highest since 2009. The trend is bullish on the weekly chart and the Ichimoku cloud is rising. Prices are finding support at the top of the cloud at 1.0944. The tenkan-sen just crossed back above the kijun-sen which is a bullish signal. RSI is above 50 in bullish territory, adding to the upside potential. A close back into the [..]