Canadian Dollar 10225 is a Potential Reversal Point
240 Minute Bars
Prepared by Jamie Saettele, CMT
The USDCAD has extended Monday’s reversal to reach 10150. There are multiple possible outcomes at the current juncture and only violation of a key level will provide clarity. The bullish triangle remains valid as long as price is above 10075. A drop below would shift focus to the October low at 9891. Resistance for Thursday is 10210/45.
Bottom Line – long, stop 10075