USDCAD Rally Fails Before Range High
Prepared by Jamie Saettele, CMT
After trading above the well-defined trendline that extends off of the November, December, and January highs, the USDCAD failed to push through 10050, which keeps the downtrend intact towards the range low at 9840 and August 31, 2011 low at 9725. 9930/40 is resistance.
Bottom Line (next 5 days) – ?
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