Usd/Cad pennant breakout - pullback potential
Usd/Cad managed to break away to the topside not before hitting 1.3444 earlier in the day . Fundamentals with oil sliding and a hawkish FOMC were the exclusive drivers in this latest break . But with an overbought RSI a pullback should be expected, as well as a target at 1.3520 1.3540 to cap any sustained gains. If the resistance up here is not surpassed and sustained , price may drop aggressively towards 1.3300 then lower