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Potential long term technical setup has begun to take shape on the USDCAD. It is no secret that the trend for the USDCAD has been down for quite a while. Recently it has tested support into the mid .9600’s and has rebounded back into the .9800’s. This rebound has been challenging the daily trend line and gives us the first clue that the trend just might be changing.

 

 Along with the challenge of the trend line comes the break of former support in the .9850 area. As you can see from the chart example, the break of the

Bank Flow Update 11/14

Trading on Fridays As always we do like to stress caution when trading on a Friday. In that past several weekends we have seen the market gap considerably. Too avoid any stress you may want to use any entries made on Fridays as intraday rather than trying to weather the weekend storm. Bank Flow Level…