USD/CAD Technical Analysis for July 15, 2011

The USD/CAD pair rose on Thursday, but just slightly so. The pullback from the fall over the last couple of days makes sense, and it must also be said that the most recent lows are getting lower and lower. The trend is also to the downside as well, so it wouldn’t be a surprise to see this pair fall from here. If we see a rally, selling could be the way to go on weakness. If we see a break below 0.9550 – that could be a sell trigger too.

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Forex Mansion