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USD/CAD Setting Up For Run to New Highs?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The longer term trend on the USD/CAD has clearly been up since the 2011 low. We have however seen quite a bit of volatility in the pair since the September 28th high. In fact if we count the movement of 3 major swings from the September 28th high to the November 6th high we have seen over 1500 pips movement in this pair off of these three major swing points. The question that lies ahead is will we continue to see large bi-directional swings or are we ready to see a sustained move higher

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