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Canadian Dollar Inside Day at Range Low

Canadian Dollar Inside Day at Range Low

2012-01-24 23:50:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_usd-cad_body_usdcad.png, Canadian Dollar Inside Day at Range Low

Prepared by Jamie Saettele, CMT

The USDCAD inside day / gravestone doji pattern gives scope to a turn higher from the bottom of the December-January range. Keep risk to 10050 however as a drop below there would shift focus to a channel at 9970, the 200 day average at 9940, and the October low at 9892.

Bottom Line – flat

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

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