News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bullish
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Canadian Dollar Trendline of Interest Above 10300

Canadian Dollar Trendline of Interest Above 10300

2012-01-06 19:05:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, Canadian Dollar Trendline of Interest Above 10300

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.

Bottom Line – Buy dips into 10170-10225, stop 10100, target 10425

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES