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    USD/CAD False Breakout?

    MultiBank Exchange Group
    By MultiBank Exchange Group

    Price failed to close above the 1.2678 static resistance and now is retesting the broken median line (ml) of the minor descending pitchfork. Will slip lower if the mentioned upside obstacle will hold, could come down to retest the fourth warning line (wl4) before will climb higher again.

    MultiBank Exchange Group
    MultiBank Exchange Grouphttp://www.mexgroup.com
    Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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