USDCAD - Weekly

17 Nis 2014

Looking at the weekly USD/CAD chart. There's a case to be made for a continued move to the upside. One cannot ignore the base formation that took 5 years. We are witnessing price moving at a higher angle. I'd like to see price hit the first relevant blue line (middle arrow) with price not piercing the lower line (lowest arrow) - should price correct / consolidate. The unfolding dollar dynamic could provide a boost.