Canadian Dollar Futures ($0.8958 U.S.)

The rapid push up through ninety cents U.S. took Canadian Dollar Futures into overbought territory for a moment. This (along with the knee-jerk setback in metal prices) goes a long way to explaining the short term setback now underway. In spite of the setback, it would appear to me that the powerful underlying long term uptrend remains undisturbed.

The rising 200-Day Moving Average is in the 86 cent area as I write today. It would make sense to retest this support before moving on to higher levels.