$USDCAD–break?

Currently we are @ 1.0134 in a corrective move to the top of the downtrend.  We are currently just below the  SR2 resistance and a break of that would signal a correction to the R3 @ 1.0196.  Look for the Rally to end there.  A failure to break the R2 would signal a potential move back to the double bottom @ 1.0052.

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This entry was posted on Wednesday, January 25th, 2012 at 8:16 am and is filed under Trade Setup. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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