Thursday, February 16, 2012

USDCAD Weekly Chart

Keep in mind that we might be in the process of forming reversed head and shoulders pattern on the weekly chart. It is a very long shot but after the next leg down which might lead us to around 0.97 we might see a very fast reversal that will lead us to at least 1.12. As I said it is still too early to say, but it is a possibility in the not very distant future.

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