Τρίτη 3 Νοεμβρίου 2015

Technical Analysis USD/CAD

After breaking its upper trend channel, the pair is now consolidating within a falling wedge. Currently, the pair is very close to the upper line of this wedge. A short position can thus be open as a continuation of the consolidation is likely to occur. Place a stop loss right above the upper line of the wedge in case of an upside breakout.

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