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USD/CAD Classical 07.06

USD/CAD Classical 07.06

2010-07-06 05:43:00
Joel Kruger, Technical Strategist
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cad2

Usd/Cad: Has entered a bullish consolidation phase above 1.0500 over the past few sessions, and we look for an eventual break higher to retest the recent highs by 1.0850. Only a close back below 1.0400 would delay outlook.

 

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com 
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