USDCAD Stuck in a Range (Still)
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 just below 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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