Wednesday, July 1, 2009

USD/CAD Uptrend Channel

This is an update to a previously posted chart of htis trading setup.

Now that we have a broken Trendline Resistance from March 2009 High - it turns a Support level. Noting the recent Uptrend Channel suppot line is intersecting the Resistant line around 1.1560 where I would like to see thr daily lows so that the trend upwards remains intact.

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