USD/CAD breaks the wedge
I’ve posted the USD/CAD chart several times and I’m watching it very closely. Although I’m expecting an eventual move higher, I’m prepared to go with a move to the downside.
But before I jump in, I want to see a similar (but inverted) breakout in copper.
With the moves in oil today and the overly zealous moves in equities, I don’t believe in most of the moves we saw in US trading.