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Canadian Dollar Short Term Channels are Points of Reference

By Jamie Saettele, CMT, Sr. Technical Strategist
02 September 2010 15:27 GMT

Canadian Dollar Short Term Channels are Points of Reference

Canadian_Dollar_Short_Term_Channels_are_Points_of_Reference_body_DT902cad.gif, Canadian Dollar Short Term Channels are Points of Reference

The USDCAD continues to respect its summer range. The June, July, and August highs all occurred within several pips of 10680. There is little to comment on other than the range. Use the channels as points of reference (red is corrective and black is impulsive).

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02 September 2010 15:27 GMT