USD/CAD Trading Back Above 0.98

Posted by on Sep 20, 2012

USD/CAD 4H Chart 9/20/2012 9:05 AM EDT The USD/CAD consolidated after breaking above the September channel, and is now extending higher after the breakout during the 9/20 session. The rally is pushing price above the 0.98 handle, and the RSI to 70, showing bullish momentum developing in the 4H chart. This 0.98 handle was the 2012 high until recently broken on Sept. 7. The 0.9840-0.9860 area represents the next resistance factors. It is the support area of the last consolidation pattern, and is
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