USDCAD 20/06/2011

The USD/CAD rose on Friday, only to fall – forming a shooting star for the second day in a row. This looks bearish, but let’s be honest – we are stuck in the current range, and therefore cannot get too excited about shorting this pair until we break below the 0.9875 area or so. The trend is down, so that would be the expected move, but until then – we are currently in a scalping environment.

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