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Canadian Dollar Resistance (USDCAD Support) at 9800

Canadian Dollar Resistance (USDCAD Support) at 9800

2011-03-17 13:04:00
Jsaettele,
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Daily Bars

eliottWaves_usd-cad_1_body_usdcad.png, Canadian Dollar Resistance (USDCAD Support) at 9800

Prepared by Jamie Saettele

The USDCAD has spent enough time above its former resistance line and 50 day average to qualify as a legitimate break. 9800, which is former resistance and the 20 day average, should provide support now. The next level of interest on the upside is 10057.

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