Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
–USDCAD continues to press against the line that crosses the July and August highs. The level is reinforced by upward sloping channel resistance.
-A break above the latter channel could trigger a significant move higher.
-An early month low is in place at 1.0397.
Trading Strategy: Flat
LEVELS: 1.0397 1.0420 1.0460 | 1.0515 1.0547 1.0570