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USD/CAD Bullish During Holiday Trading

The USD/CAD is extending a short-term bullish trend that started on 4/9. In the 1H chart, the moving averages are in a bullish alignment and bullish slopes, with price trading above all three (200, 100, 50). The 1.10 level was a decision pivot, and the market seems to have decided to stay north of it, suggesting further upside.

(usd/cad 1h, 4/21)

Price action has been held above a rising channel.

The 1H RSI has held above 40 and tagged 70 several times, which reflects persistent bullish momentum in this time-frame. 

(usdcad 4h chart, 4/21)
The 4H chart shows that the next resistance in the short-term could be around 1.1065-1.1077, 50% retracement and a previous pivot.

With the RSI and stochastic also winding up in overbought areas, we should look fro some bearish attempt from this resistance area.