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USD/CAD price action indecisive, techs indicate potential volatility

Source: Thomson Reuters USD/CAD overnight price action remains indecisive, 1.2468/1.2529 Pair is creating a double top on dailies & double bottom (1.2410) hourlies Tenkan & kijun lines continue to converge, Bolli Band sp…

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USD/CAD price action indecisive, techs indicate potential volatility
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Source: Thomson Reuters


  • USD/CAD overnight price action remains indecisive, 1.2468/1.2529

  • Pair is creating a double top on dailies & double bottom (1.2410) hourlies

  • Tenkan  & kijun lines continue to converge, Bolli Band spread +3 pips

  • Above is an indication of potential volatility

  • Daily slow stochs have crossed up, a buy signal but it's faint

  • RSI & "Mo" also a shade higher, MACD locked in a downturn 

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