Bullish Week: USD/CAD is bullish this week after falling from 1.11 to 1.0886. At the beginning of the week, we saw a break above a falling trendline from the previous week, and price climbed above the 200-, 100-, and 50-hour simple moving averages (SMAs). The 1H RSI tagged 70 then held above 40 and climbed above 70 again, showing persistent development of the bullish momentum. Breakout: During the latter 9/23 and part of 9/24 sessions, USD/CAD traded in a tight range between 1.1064 and 1.1087. As we begin the 9/24 US session, price pushed above this consolidation, and broke above the previous September high at ... (full story)