Coldwarvet
Long

Long term trend lines - long until early 2016

FX:USDCAD   U.S. Dollar/Canadian Dollar
21 0 0
A plot of weekly closes is instructive. The long term uptrend has not been seriously threatened since it began in August of 2014. But the bottom line is rising too, and it won't be too many weeks before a close below 1.30 will break the long term rising wedge. But as long as the pattern remains intact, there's no reason to think we won't see 1.40 before it's done.
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