USD/CAD 1H Chart 4:35PM EDT 1/23/2013 Range Breakout: The consolidation range we saw yesterday first broke to the downside, but price action pulled back immediately and showed that it was a false breakout during the 1/23 US trading session. In the previous USD/CAD update, I noted that a break to the downside is against the trend in the 1H time-frame while the bullish break is with the short-term trend. Therefore, if you followed trend-following bias, a failed trade to the downside, would
