U.S. Markets closed

USD/CAD Little Changed after Miniscule Range

Jamie Saettele, CMT


eliottWaves_usd-cad_body_usdcad.png, USD/CAD Little Changed after Miniscule Range

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

FOREXAnalysis: The sharp drop into Friday’s low could complete a flat correction from the 8/2 high. The month open at 1.0276 has held as support. I’m inclined to look higher but there are better trades.

FOREXTrading Strategy: Flat

LEVELS: 1.0173 1.0245 1.0276 1.0362 1.0422 1.0444

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.