USD/CAD buyers extend uptrend after 1.41297-1.41488 swing area test

USD/CAD buyers continue to push the pair higher, according to the latest technical update. The source does not report a current price, percentage change or pip figure. The previous week's analysis asked whether the high was in place. The rally had run from the September 8 low at 1.37588 to the September 24 high near 1.41488, a sizable advance in a short period. That high sat inside a swing area between 1.41297 and 1.41488, which looked like a reasonable place for the rally to stall. The key test for sellers was whether they could push the price below 1.41297 and keep it there. The headline indicates buyers have kept control of the trend. The source cites no fundamental drivers, economic data or central bank factors. For traders, the 1.41297-1.41488 swing area remains the technical reference. Holding above 1.41297 keeps the bias with the buyers, while a sustained move back below it would be the signal sellers had been looking for.