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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

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Saturday, June 25, 2011

USD/CAD...A Bullish Breakout Above an IH&S Neckline...


Somebody finally lit a flame under USD/CAD...it broke above its IH&S neckline (0.98ish) and closed to the upside on Friday. If this neckline holds as support, the next hurdle is the falling 200sma (pink) as shown on the Daily chart below.

My previous post on USD/CAD on June 16 refers to additional potential upside targets:  http://strawberryblondesmarketsummary.blogspot.com/2011/06/usdcad1015-eh105-ehcall-me-crazy.html


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