USD/CAD is Near Term Bullish above 1.0975
Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
-USDCAD action since the January high may compose a flat. The low at 1.0857 is in line with major inflection points in recent years as well as the 1/13 low (1.0842).
-I’m looking higher this week but beware that 1.1050 is a reaction level.
LEVELS: 1.0918 1.0941 1.0975 | 1.1050 1.1100 1.1159
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
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.