Weekly
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
–USDCAD formed an outside week last week. In fact, last week’s price range engulfs the prior 3 week’s price range and takes out the prior 6 week’s highs. The market has responded well to trendline support.
Trading Strategy: Order to go long at 1.0420 with a 1.0360 stop. Target half at 1.0545.
LEVELS: 1.0365 1.0395 1.0420 | 1.0470 1.0496 1.0547