Wed, 10 Sep 2014 14:03:03 GMT
USD/CAD 1H Chart: Channel Up
The Dollar/Loonie pair has been trading in a relatively young channel up pattern, which was formed in the end of the previous week. Just recently, the Greenback breached the lower boundary of the pattern at 1.0978; however, it managed to recover and is nearing a considerable resistance level in face of daily and four-hour pivot points at 1.0993/90. If this