Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
–USDCAD rally reversed at the confluence of the line that extends off of the June and July lows and short term channel resistance. The level is also the May high.
-The USDCAD broke the channel that defines action from the Sep low last Wednesday and took out the 10/1 low today. Watch for support from the 9/19 close (large volume day and large range reversal) at 1.0263.
Trading Strategy: Flat
LEVELS: 1.0181 1.0222 1.0264 | 1.0330 1.0380 1.0396