The Canadian Dollar (CAD) saw both a new high and a new low against the US Dollar (USD) on Friday, with the USD/CAD slumping to a session low of 1.341
breaking, with the Relative Strength Index rolling over from oversold to nearly overbought within a matter of hours.
On the daily candlesticks, the USD/CAD has recovered back to the topside of the 34-day Exponential Moving Average at the 1.3500 handle. Buyers will be looking to gain further ground towards the September peak near 1.3700, and put some distance between current prices and the 200-day SMA currently parked near 1.3450.
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