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USDCAD Bullish Base Confirmation Needs 10050 Break

USDCAD Bullish Base Confirmation Needs 10050 Break

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, USDCAD Bullish Base Confirmation Needs 10050 Break

Prepared by Jamie Saettele, CMT

No change: “When the market lulls you to sleep, drink some coffee and look at long term charts. Application of that exercise to the USDCAD reveals a potentially powerful long term bullish base. Still, 10050 remains the near term pivot. As long as price is below that level, we cannot rule out a thrust from a bearish triangle towards 9725.”

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