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USD/CAD Loves Parallels; Best 4 Day Rally in 6 Months

Jamie Saettele, CMT

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USD/CAD Loves Parallels; Best 4 Day Rally in 6 Months

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts


-“USD/CAD continues to sport lower wicks at support but range is contracting as the latest rally failed right at the high from 2 weeks ago. I still ‘lean’ towards the upside as long as the support line holds.” USD/CAD has rocketed higher. In fact, the 4 day rally is the best since September. The 1/20 high (1.3387) has been tagged so some back and fill might need to take place before another leg up.




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