USDCAD—weekly

USDCAD is at the top of the weekly triangle and it's possible the pair will move down to 1.0160 which is the uptrend line. It's also possible that it will break above and resume a longer term uptrend from late 2007. Short term behavior is encouraging that it will break upward but of course one must consider the ever dwindling liquidity in the August market.

Here's the weekly chart:











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