Wed, 11 Jul 2012 14:41:56 GMT
USD/CAD 4H Chart: Channel Down
USD/CAD has depreciated after hitting 1.0447 on the 4th of June and has formed a Channel down pattern along the way on the 4H chart. The pattern has 63% quality and 55% magnitude in the 145-bar period. The pattern started when the pair rebounded from 1.0447 and slowed down at 1.0193 after testing pattern's support band at 1.0160 and 1.0101. Technical