Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-USDCAD has declined for 4 consecutive days. Price has also declined for 6 of the last 7 days.
-After Tuesday’s hold, price closed below the line that extends off of the May, and July lows on Wednesday.
-The series of higher lows is in place as long as price is above 1.0244. Weakness
Trading Strategy: Flat
LEVELS: 1.0245 1.0275 1.0315 | 1.0364 1.0418 1.0470