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Daily technical outlook for USD/CAD: Societe Generale

Quotes from Societe Generale Cross Asset Research: -USD/CAD has formed a monthly Marubozu suggesting the uptrend to persist. Monthly RSI is testing a graphical ceiling however, signs of reversal are lacking. -Short term …

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Quotes from Societe Generale Cross Asset Research:

-USD/CAD has formed a monthly Marubozu suggesting the uptrend to persist. Monthly RSI is testing a graphical ceiling however, signs of reversal are lacking.

-Short term pullback, if any, should be limited to 1.22/1.21. Eventually the pair should head higher towards 1.30 and even 1.35/1.36, multiyear channel limit.

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