USD/CAD 4H Chart 9:45AM EDT 12/19/2012 Consolidation: The previous USD/CAD update saw bears remaining in control as price respected a falling channel resistance, and the 4H RSI was held under 60. However, we saw a failure to clear the recent December lows near 0.9825, and the RSI failing to fall back below 40. This shows reflects a consolidation/correction scenario. Channel resistance: Furthermore, the USD/CAD is anchoring out of the falling channel as the 12/19 price action rallies toward
