USD/CAD - Bullish breakout, 1.36 looks like new base
The bullish break from the ascending triangle has opened doors for 1.40 handle. The weekly RSI is rising and well short of the overbought territory... however, the RSI on the daily chart is overbought. thus one can expect a pull back and sideways action around 1.36 (Dec 2016 high) before rally to 1.40.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.