Thu, 04 Sep 2014 12:22:30 GMT
USD/CAD 4H Chart: Double Top
Similar to the AUD/NZD currency pair we discussed yesterday, the Dollar/Loonie cross formed the double top pattern with a number of common features. After the drop below the valley between two peaks, the pair returned to growth and approached the level of 200-period SMA at 1.0889. Taking into account the positive sentiment of market participants (64%) and the general positive