Canadian Dollar 9863 an Important Level
60 Minute Closes
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. Near term, the rally is constructive and 9703 (100% extension) is potential support. A second wave low may have formed this morning. A move above 9863 is needed in order to inspire confidence in the upside.
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