Canadian Dollar Focus is on 10360
Prepared by Jamie Saettele, CMT
A well defined trendline has characterized the trend since August. After sliding just below the trendline, the USDCAD rocketed higher and price has now taken out the 20 day average. Focus is on late November resistance at 10360 and triangle resistance in the mid 10400s. Pattern wise, a triangle may be underway from the October high. The decline from the November high would compose wave C.
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