Friday, October 16, 2026

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TR/U. Mich lifts USD, USD/CAD breaks 1.2800

USD/CAD unrelenting bulls aided by U. of Mich. consumer inflation expectations data Dip bought earlier & now USD/CAD breaks 1.2800 as oil heavy & USD broadly bid Pair sets new trend high (1.2818), stops run, more gains l…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • USD/CAD unrelenting bulls aided by U. of Mich. consumer inflation expectations data

  • Dip bought earlier & now USD/CAD breaks 1.2800 as oil heavy & USD broadly bid

  • Pair sets new trend high (1.2818), stops run, more gains likely

  • RSIs across many timeframes biased up even though overbought or near overbought 

  • March 2009 high near 1.3060/65 is now in play, below-1.2350 will ease bull pressure 

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