Is this when USD/CAD finally breaks out?

By: Adam Button

USD/CAD has touched the highest in three months. If you're having deja vu reading that sentence it's because this pair has repeatedly ticked a couple pips higher than the recent highs; only to be sucked back to parity. The set-up is bullish. There is a nice outside day on the daily chart and the 50% retracement has now definitively broken.