Check out the 1-hour price chart of USD/CAD below. Earlier this morning, USD/CAD made a quick move higher from 1.2590 to 1.2643, Price has been consolidating near the highs, creating a short-term pennant formation, while the RSI tries to unwind from overbought territory, currently at 76.40. The target for the pennant formation is near 1.2690. {chart} Overlaid on the USD/CAD chart is the price action for Bitcoin (orange line). The 2 assets have been inversely related as of late. Therefore, as Bitcoin trades higher, USD/CAD has been trading lower, and vice-versa. Also notice at the bottom of the chart is the ... (full story)