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Canadian Dollar Carves Outside Day

Canadian Dollar Carves Outside Day

2012-01-12 19:57:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_usd-cad_body_usdcad.png, Canadian Dollar Carves Outside Day

Prepared by Jamie Saettele, CMT

There are multiple possible USDCAD outcomes at the current juncture and only a 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 is 10245.

Bottom Line – flat

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