Canadian Dollar Focus is on 200 Day Average
Prepared by Jamie Saettele, CMT
The USDCAD is closing in on important support from the confluence of its 200 day average and channel (channel support is at 9950 today and the 200 day average is at 9945). Resistance for Friday is 10050/85 and a move into there would present a final short opportunity against 10150 for a test of 9950.
Bottom Line – flat