USD/CAD Resistance Zone is 1.0226-1.0261

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.
eliottWaves_usd-cad_body_usdcad.png, USD/CAD Resistance Zone is 1.0226-1.0261

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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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. 1.0226/61 is estimated resistance.

FOREXTrading Strategy: Flat

LEVELS: 1.0013 1.0067 1.0152 1.0226 1.0261 1.0287

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