Stalking the next USDCAD pullback after strong thrust upwards

Aug 27, 2014

USD/CAD has completely and violently reversed it's large leg down in June and has given a shallow pullback. Price continues to consolidate, but is grinding out higher highs. Look to buy a pullback to the small median line and support/resistance line in red. Stops should be placed under the swing at C. Profits should be taken into the larger upsloping median line , measured move, and old high area around 1.1200.