Canadian Dollar 10100 is a Short Term Measured Level
240 Minute Bars
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. A bullish triangle remains valid as long as price is above 100750. A measured level at 10103 (2 equal legs down from 10319) and the short term channel reinforce support. A drop below 10075 would shift focus to the October low at 9891. Near term resistance is 10190-10215.
Bottom Line – long, stop 10075
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