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Nov 23 - 01:55 PM

USD/CAD - Mixed Signals Leave Investors Directionless

By Christopher Romano  —  Nov 23 - 12:45 PM
  • USD/CAD tech signals are mixed which leaves investors side lined

  • Daily RSI is rising while monthly RSI falls; monthly may reign however

  • USD/CAD trades above the 10- & 55-DMAs and monthly cloud base

  • Pair is below 38.2% Fib of 1.3975-1.3226 & monthly doji is in place

  • Down trend off October's high is intact but conviction seems lacking

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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