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Canadian Dollar Bias Triggered with Pivot Break

Canadian Dollar Bias Triggered with Pivot Break

2012-01-05 16:24:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_usd-cad_body_usdcad.png, Canadian Dollar Bias Triggered with Pivot Break

Prepared by Jamie Saettele, CMT

I wrote yesterday to “pay attention to the first day of the month high at 10211. That level serves as the pivot.” The USDCAD traded above 10211 which shifts focus higher towards 10270, 10310/30 and the December high at 10423. 10170 is expected support if reached Friday.

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