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22 Dec 2015
Is USD/CAD constructive or overshooting?
USD/CAD has become a runaway market, characterised by historic highs in the daily MACD (12, 26, 9).
Equally significant in USD/CAD’s bullish makeup is the distance between the MACD and its signal line, which has reached a width not seen in the last six months. Yesterday's higher reading though, is an early warning that momentum has started to wane.
Equally significant in USD/CAD’s bullish makeup is the distance between the MACD and its signal line, which has reached a width not seen in the last six months. Yesterday's higher reading though, is an early warning that momentum has started to wane.