CAD - HOLD

The CAD/ USD is uptrending and recently broke up through resistence and verified an ascending triangle. This week's candle stick has range trading characteristics, it closed where it opened (range trading characteristic) and it closed near the low of the week (bearish) and it also held the breakout (bullish).

I think this ties in nicely to my thesis that Risk-Off will be back in moderation in the next week while the stock indexes and other strong risk-on assets like the CAD take a breather while the EURO falls.

CAD would be a hold unless it breaks below resistence, rolls over, and goes in to a range trading mode.