At the turn of the year, AUD/CAD entered a bullish linear regression channel and has remained there to this date; however, there are indications this trend may consolidate at its current level or reverse.
This channel is best seen on daily charts, as illustrated below:

Although a case can be made for an earlier entry, the channel […]

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The forex trading week began on a risk-aversion downslope, with an old-fashioned run on U.S. mortgage bank IndyMac and fears for mortgage financiers Fannie Mae and Freddie Mac. However, when the U.S. financial system survived and 2Q2008 earnings for the industry sector were not as gory as expected, the price of crude oil slumped over […]

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