Chart of the Day - Eur/Cad

The Loonie appears to have entered into a holding pattern with 1.0730 as a top and 1.0560 as the bottom. The pair had been on a tear upwards since the middle of July and abruptly hit the 1.0730 roadblock two weeks later. The daily RSI has reached overbought territory while volume and ATR are on the increase. The loonie will have core retail sales on Wednesday, and core CPI on Thursday.

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