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Chart Of The Day: USD/CAD

Discussion in 'Technical Analysis' started by ActionForex.com, Jul 25, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Price action on the USD/CAD daily chart, as shown, has just hit a long-term downtrend resistance line. This line extends from early 2007, and is represented on the chart by the long red line. Price is also entrenched within a rough horizontal trading range, as bounded by the yellow horizontal...

    complete article here...

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