Forex: USD/CAD trading within rising wedge pattern

on Jul 9, 2013
Listen Tuesday July 09th_: The pair’s daily candle yesterday opened at 1.0577, rose to a high of 1.0584, subsequently dropped to a low of 1.0545 and closed at 1.0562. Today the daily candle opened at 1.0562 and has reached a high of 1.0573 and a low at 1.0527. The price is currently at 1.0552.

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The pair is still trading within the lines of an ascending wedge pattern, which in the event of an uptrend should reverse the price movement.
Resistance levels important today: 1.0560, 1.0580 and 1.0610.
Support levels significant today: 1.0545, 1.0515 and 1.0500.



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CAD Forex