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Canadian Dollar 10200 Figure Confirms Value

Canadian Dollar 10200 Figure Confirms Value

2011-12-21 18:29:00
Jamie Saettele, CMT, Sr. Technical Strategist
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300 Minute Bars

eliottWaves_usd-cad_body_usdcad.png, Canadian Dollar 10200 Figure Confirms Value

Prepared by Jamie Saettele, CMT

Continue to favor the triangle/flat interpretation for the USDCAD. The implications from here are for weakness that tests 10051. In the case of a flat, price would drop below 9892 before finding a low. Interim support at 10206 (former resistance) did hold this morning and resistance is now 10310/30.

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