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Integrity FX Technical Outlook 2-08-10

By Luke Coleman, Executive Director of Strategy & Analysis | Monday, February 8th, 2010 19:19 UTC

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USDCAD is about to break out of the symmetrical triangle that has developed on the one hour chart. Look for the break to occur somewhere around 1.0695. After the break, look for the price to enter the resistance zones around 1.0725 and 1.0745. Expect some consolidation or even a range between the two zones, but eventually look for the price to break 1.0745 and head up towards 1.0810. When there, watch out for more consolidation and then a break towards 1.0855.

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categoriaLuke Coleman commentoNo Comments dataFebruary 8th, 2010

About Luke Coleman, Executive Director of Strategy & Analysis

This author published 18 posts in this site.

Executive Director of Strategy & Analysis

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