| USD/CAD - Further Bearishness Off Breakdown Posted: 05 Aug 2010 08:53 AM PDT  Price action on USD/CAD (a daily chart of which is shown) as of Thursday (8/05/2010) morning, after having broken down below the large triangle early in the week, has followed through on its bearish momentum below key 1.0200 support and down to approach further support in the 1.0100 price region, establishing a new 3-month low in the process. For more technical analysis on this currency pair, please click here for Thursday’s (8/05/2010) Chart of the Day.
James Chen, CTA, CMT * For information on my DVD set, High-Probability Trend Following in the Forex Market, please click here.
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