Looks Like Resistance But…

usdcad01102015

USD/CAD Looking like this is going higher. The strength into this spot is moving quickly. If the resistance does not hold, next stop is the area above. Oil is not helping and it has a lot to do with what happens in Canada. So we shall see I would want to have confirmation of a break out (long) or a pull back (short). My thought is the break out. We shall see.

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