Chart Prepared by Jamie Saettele, CMT
-“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.