Is this the confirmation of US Dollar weakness?

Thursday, January 19th, 2012 Market Analysis by TraderCisco

Interesting longer term views found in the UsdCad and the AudUsd Daily charts.  Time to keep an eye on the longer term ramifications of confirmed breaks from these wedges.

 

You can see from the UsdCad, that a break has already occurred, but not so on the AudUsd.

 

Will continue to watch these two charts to see if they both provide confirmation of sentiment.

Thanks for reading.