USDCAD remains overbought into CPI

Intraday Update: Ahead of the Canadian CPI today the USDCAD continues its "overboughtness" as the gravity pull of the CAD is undeniable. Technically, the RSI remains overbought intraday for over a week and the next upside target remains at 1.3836. Only back below the 1.3720 would take the downside pressure off.