Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Forex Trading Technical Analysis (2010/09/21) USD/CAD Triple Bottoms at Key Support

USD/CAD (a 4-hour chart of which is shown) as of Tuesday (9/21/2010) has been halted in its bearishness once again in the 1.0215 price region, a key support level that has been tested and respected twice in the last week, forming a triple bottom formation. This occurs in the midst of overall bearishness that has descended from key resistance. For more USD/CAD forex technical analysis, please click here.

James Chen, CTA, CMT