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USD/CAD Breakout Expected

MultiBank Exchange Group
By MultiBank Exchange Group

USD/CAD increases further on the short term and is almost to hit the upper median line (uml) of the descending pitchfork. Technically, it should take this out if will reach it. A valid breakout will confirm an increase at least till will reach the 1.2678 and the median line (ML) of the major descending pitchfork.

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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