Tanalys

USD/CAD Holds Important 1.0400 Level

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

USDCAD has pulled back from the line that crosses the July and August highs. A break above that line would warrant a bullish bias.

-An early month low is in place at 1.0397. Weakness below there would shift focus to channel support closer to 1.0350.

Trading Strategy: Flat

LEVELS: 1.0397 1.0428 1.0448 | 1.0484 1.0525 1.0567

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