Tanalys

USD/CAD Bull Trend Resumes; Reaction Level at 1.1050

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

USDCAD action since the January high may compose a flat. The low at 1.0857 is in line with major inflection points on recent years as well as the 1/13 low (1.0842).

-I’m looking higher this week but beware that 1.1050 is a reaction level.

LEVELS: 1.0880 1.0920 1.0955 | 1.1025 1.1050 1.1100

–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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