Tanalys

USD/CAD Breaks Channel Support

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.

Trading Strategy: Close beneath the channel negates the bullish bias.

LEVELS: 1.0264 1.0289 1.0306 | 1.0360 1.0396 1.0420

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