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Gold Price Technical Outlook: Gold Bear Market Bounce? XAU/USD Levels
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EURUSD Reverses on Critical Support as Dollar Slides but USDJPY Stays Execution
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USD/JPY Outlook: Rates and Growth Differentials Take a Back Seat for now
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Nasdaq 100 Skips Up Despite Fed Chair Powell’s Red-Hot Hawkishness. Where To for Tech Stocks?
2022-05-18 05:00:00
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Canadian Dollar Trade Remains Uninspiring

Canadian Dollar Trade Remains Uninspiring

Jamie Saettele, CMT, Sr. Technical Strategist

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

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

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