USDCAD on the Verge of Significant Break?
Prepared by Jamie Saettele, CMT
The USDCAD has traded above the well-defined trendline that extends off of the November, December, and January highs. The importance of this level is reinforced by the 50 and 200 day averages. Still, 10050 has produced strong reactions since November and remains the key pivot. A break above would be significant.
Bottom Line (next 5 days) – higher?
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