Technical Analysis – EURCAD rises to 9-month peak above 1.5000

EURCAD stretched its two-week rally towards a nine-month high of 1.5032 earlier today. The market trend is likely to hold on the upside as long as the price holds far above its moving averages and the Ichimoku cloud. The MACD seems to be gaining momentum above its red signal line, the RSI is still hovering around its 70 overbought […]