Canadian Dollar Structure Close to Invalidation
Prepared by Jamie Saettele, CMT
Confidence in the bullish USDCAD count I’ve been following is low but does remain valid as long as price is above 10007. A drop below this level (along with the trendline drawn off of the July and September lows) would shift focus to the middle of the August congestion near 9900.
Trend Strength (M,W,D) – 1, 0, 0
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