Wednesday, January 27, 2010

Canadian And Australian Dollar Update



Last week the Canadian and Australian dollar both tested resistance and failed to break through. It now appears that a rather large double top formation is beginning to take shape. Both currencies have broken their uptrend lines confirming a top. We'll see if the selling continues.

1 comment:

Kevin said...

Note - we are coming into strong seasonality in CDN due to correlation with oil.

Kevin

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