USD/CAD Forex Swing Trade Signal-Update

The pair did make a break above the strong resistance level of 1.3000, but failed to hold above it by the close (24:00 GMT is what I use for daily bars). The upper shadow does show selling pressure, similar to what we saw on the last two attempts at this level.

But even though the pair did not stay above 1.3000 calling a reversal is at bit premature, as is calling for a move back higher again.

So we will wait. And while Mondays action did push the rate above 1.3000, I am still using the trading signals I originally published here http://vantagepointtrading.com/archives/924

~Cory Mitchell