USD to CAD - Daily Candle Chart 13th February 2009

USD to CAD - Daily Candle Chart 13th February 2009

As you can see from the chart, there is still no break from the continuing move, with lower highs and higher lows creating the perfect pennant patten which is impossible to trade at the moment, so we have to be patient. With the G7 meeting taking place in Rome this weekend we may see some volatility next week, but I am not holding my breath. Have a great weekend and let us hope that next week we see some price action for the usd to cad pair. The only news out later is in the US and I have provided the details on the euro to dollar site.

The short term and medium term outlook is sideways, the long term is bearish.