Feb 12
10

USD/CAD in a Bullish Breakout From Declining Channel

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The USD/CAD is in a sharp breakout to the upside. A bottom was building while it consolidated between 0.9927 and 0.9992. Finally in the 2/10 European session, the market pushed above 0.9992 and parity, showing strength in the short-term. This rally also broke above a declining channel in the 4H

Post Title: USD/CAD in a Bullish Breakout From Declining Channel
Author: admin
Posted: 10th February 2012
Filed As: Forex, Technical Analysis
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