USD/CAD Rally Tests Yearly Highs as Fed Speakers Pile In

The USD/CAD rally has logged four straight weekly gains, up nearly 3.4% from the August low and now testing the year's highest closing levels. Michael Boutros, StoneX Media Senior Market Analyst, walks through the weekly, daily and four-hour charts and the event calendar framing the move. The pair has risen on 13 of the last 14 days with daily momentum at its highest since June, and each of the last three seven-day advances was followed by at least a one-day pause. A close back below the pitchfork median line with RSI under 70 would open the door to a pullback, as Federal Reserve speakers, core PCE inflation, U.S. nonfarm payrolls and the Canada employment report land into the month and quarter turn. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros&utm_content=share 00:00 - USD/CAD Rally Meets Year Highs 01:14 - Seven-Day Runs Tend to Pause 01:58 - Four-Hour Chart Hits a Ceiling 02:22 - What Would Break USD/CAD Bulls 03:42 - Fed Speak, Core PCE and NFP Like and subscribe for more financial market insights. #USDCAD #StoneX #MichaelBoutros #Forex --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social