CAD
Comment: A massive descending weekly Ichimoku ‘cloud’ has done a good job capping rallies sinceMay. Prices are back inside the gentle downward-sloping ‘channel’ and moving averages look set to cross to bearish again any day now. Ten, twenty, fifty and two-hundred day moving averages are all already pointing to a short position. Futures volume and open interest have soared over the last eighteen months suggesting many are becoming acutely aware of the importance of this exchange rate. Price
