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 last Wednesday and then took out the 10/1 low. Watch for support from the 9/19 close (large volume day and large range reversal) at 1.0263.
-Weakness from the October high is impulsive. The suggestion is that strength proves corrective.
Trading Strategy: Flat
LEVELS: 1.0181 1.0222 1.0264 | 1.0330 1.0380 1.0396