$USDCAD 15 September 2011

USDCAD has been moving within a channel, and now we are sitting at the lower channel band. With the assumption that the channel movement will be continued, I am testing with a small long position from here.  First target of long position is the mid pivot of the channel, and upper channel band is the 2nd target.

Let’s see how it goes.

Here is the….. CHART!