Canadian Dollar Breaks December High (USDCAD Low)
Prepared by Jamie Saettele, CMT
The USDCAD break of the December low (10050) shifts focus to channel support and the 200 day average at 9945/60. 10075-10100 is resistance for Thursday. Only a move above 10161 would suggest that a larger recovery is underway.
Bottom Line – flat
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.