Feb 12
09

USD/CAD – Looking For Breakout In Momentum

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The USD/CAD respected the declining channel resistance the last couple of times, but since finding support at 0.9927, its momentum has gotten flat. The 1H chart shows the RSI reading stuck between 40 and 60, reflecting the neutral and consolidation momentum. Today, a sharp attempt to break the declining channel

Post Title: USD/CAD – Looking For Breakout In Momentum
Author: admin
Posted: 9th February 2012
Filed As: Forex, Technical Analysis
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