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Canadian Dollar Trade Remains Uninspiring

Canadian Dollar Trade Remains Uninspiring

2012-02-14 00:07:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_usd-cad_body_usdcad.png, Canadian Dollar Trade Remains Uninspiring

Prepared by Jamie Saettele, CMT

“The trend is considered down as long as price is below 10048 and focus remains on the October low (and 61.8% retracement of the rally from the 2011 low) just below 9900. Exceeding 10048 would shift focus to January pivots at 10140/60.”

Bottom Line – flat

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