| USD/CAD Continues Bearish Trend Posted: 13 Sep 2010 09:14 AM PDT  Price action on USD/CAD (a 4-hour chart of which is shown) as of Monday (9/13/2010) has continued its bearishness within the short-term downtrend extending back to the end-of-August resistance high in the 1.0670 price region. Within this downtrend, the 50-period simple moving average has served well as dynamic downtrend resistance. For more technical analysis on this currency pair, please click here for Monday’s (9/13/2010) Chart of the Day.
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