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USDCAD 20 Day Range Less than 200 Pips

USDCAD 20 Day Range Less than 200 Pips

2012-03-27 00:11:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_usd-cad_body_usdcad.png, USDCAD 20 Day Range Less than 200 Pips

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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