Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: The USDCAD has struggled after the break above trendline resistance. As such, the market may be preparing for a drop to correct the sharp advance from 1.0082. 1.0163/88 is estimated as support. The topside of the broken resistance line crosses the zone for the rest of the week.
FOREXTrading Strategy: Want to get long on a dip at 1.0190.
LEVELS: 1.0103 1.0163 1.0188 1.0263 1.0342 1.0407
- Finance Trading
- Basic Materials Industry