Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: The trendline that extends off of the May 2010 and October 2011 highs pinpointed the USDCAD high. As long as price is below 1.0420, respect potential for a deeper correction of the advance from .9632 over the next few several weeks. Near term, the hold at 1.0150 favors a constructive bias towards 1.0260/87.
FOREXTrading Strategy: Flat
LEVELS: 1.0067 1.0136 1.0174 1.0226 1.0261 1.0287
- Finance Trading
- Basic Materials Industry