Forex | Forex Strategies | Forex Analysis for USD/CAD (01/09/2009 09:41:42)

Forex Analysis for USD/CAD

Forex Technical Analysis Yesterday's candle on the usd to cad daily chart, suggested that the recent attempt to rebase and squeeze higher may have come to an abrupt halt, as the forex trading session closed with a bearish shooting pattern. The upper wick of the candle was particularly deep, and in addition the high of the day failed to breach the 1.11 level once again, where this rally stalled earlier, adding to the view that we may see a move lower in the short term once again for the usd to


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