USD/CAD hitting multi-year support

٢٧ يوليو ٢٠١٧

After breaking clean through a 2 year, multi-week TL (yellow line) with no resistance, USD/CAD is now approaching a multi-year (green)TL stretching back to September, 2012. This, I believe, should provide some resistance, and an opportune place to cover anyone who shorted the pair in the last few weeks.