480 Minute Bars
Prepared by Jamie Saettele
The USDCAD continues to respect its summer range. The June, July, and August highs all occurred within several pips of 10680. A close look at the USDCAD rally from 10105 reveals that the advance is an impulse (5 waves), therefore the larger trend is up. The pair is testing the 61.8% level now, which ideally provides support.
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