Daily Bars

Prepared by Jamie Saettele, CMT
The USDCAD is nearing the top of its monthly range (which is small) of 10048. Resistance at 10048 is reinforced by the 100% extension of the rally from the low. 10050/75 is also a series of daily lows from December and January. Volatility is exceptionally low which is not conducive to breakouts so expect resistance to hold in the mentioned area.
Bottom Line – flat