USD/CAD Technical Analysis for July 5, 2011

USD/CAD rose on Monday, bouncing slightly as the holiday in America crushed most of the volume. The pair broke through major support at the end of last week, and this sets us up for shorting this pair only. The pair is a sell as long as we are under 0.9650, and longer-term, we would need to see 1.03 broken to the upside to get bullish.

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