The Upside Break-Out that Might Occur in USD/CAD
Breaking out of the yellow cage
- Longer Term Rally Set In
- The many times this 1.2915 was rejected led to more than 100 pips of downside
- 1.2750 or the 50% retracement could be tested in an environment of dollar weakness
- The commodity currencies are resuming their downtrend
That is the executive summary for today!
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