US Dollar Gains On Canadian Counterpart, Prices Break Out of Wedge Formation (Candlestick Weekly Update) (Daily FX)
Earlier this week, we said that USDCAD was testing above resistance at the upper boundary of a Rising Wedge formation established in September 2007. We suggested looking for a daily close above this level to confirm the bullish breakout and initiate a long position between 1.0825 and 1.0850 targeting near the May 2007 swing high.
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US Dollar Gains On Canadian Counterpart, Prices Break Out of Wedge Formation (Candlestick Weekly Update) (Daily FX)
