YungFinance

USDCAD POSSIBLE TREND REVERSAL

FX:USDCAD   U.S. Dollar/Canadian Dollar
USDCAD             is currently forming a descending wedge, stalling at a relative double top from 2009's high, hovering around fib resistance, as well as a stalling supertrend (for now). Next moon cycle (March 5th, 2015), might bring forward some volatility to see if the trend continues or reverses.

As well, Canada's economy seems to be heating up again, (Rates not changed March 4th 2015) indicating room for CAD growth, despite the continuation of the USD rally.

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FullTimeTrader
2 years ago
I agree, we are at a critical level, i expect a deeper pullback.........
USDCAD-bullish fest is about to end
+1 Reply
YungFinance FullTimeTrader
2 years ago
Nice chart, I think we are on the same page here.
Reply
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