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Canadian Dollar Short Term Channels are Points of Reference

By Jamie Saettele, CMT, Sr. Technical Strategist
01 September 2010 14:26 GMT

240 Minute Bars

eliottWaves_usd-jpy_1_body_100902_085527_CQG_IC_Screen.png, Canadian Dollar Short Term Channels are Points of Reference

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. 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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01 September 2010 14:26 GMT