USD/CAD Signals a Bearish Outlook with Trendline Breakout

2014-08-28 11:43:00 – Best Cash Back Forex Rebates : USD/CAD Signals a Bearish Outlook with Trendline Breakout
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USD/CAD is turning a bullish breakout signal into a bearish one this week. At the beginning of the week, USD/CAD broke above a resistance at 1.0985 and looked poise to rally toward the next resistance around 1.0150 from April. However, we saw sharp retreat after this brief breakout. As we wind down…

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