Loonie pushing towards upper limit of long term channel, increasing likeliness of a reversal in the near future

The north American pair of dollar loonie have been trading positively for the fifth consecutive week, yet signs indicate that we may soon move into a downtrend, in accordance with the descending standard deviation channel dating back to August 2011. This is further supported by the existence of…

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Loonie pushing towards upper limit of long term channel, increasing likeliness of a reversal in the near future