USDCAD at Lower End of Support Zone
60 Minute Bars
Prepared by Jamie Saettele, CMT
The USDCAD pattern is not clear (at least to me). In any case, weakness has resulted in a test of support at 9900, which has been a pivot in recent weeks (produced both a low and a high). Look higher towards 9940. Additional strength would target 9987 but a break above 10050 is needed in order to recognize an important reversal.
Bottom Line (next 5 days) – sideways
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