USDCAD is trading not too far from Wednesday’s new four-month high of 1.3550, following the rebound on the long-term ascending trend line in the daily timeframe. The momentum indicators suggest that there is still some advance for the pair. The RSI indicator is sloping upwards in the positive territory, while the MACD surpassed the trigger line and is rising above the zero line. Price action at the moment is above the Ichimoku cloud so the risks are to the upside. Should the pair make another rally higher and jumps above the four-month high, it would open the way for the 19-month high of 1.3664 registered on December ... (full story)