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EUR/USD Rate Forecast: Euro Rebound Emerges After Defending 2021 Low
2021-03-02 19:30:00
Euro Forecast: EUR/USD Struggling to Keep Hold of 1.2000 as the US Dollar Pullback Continues
2021-03-02 10:10:00
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Gold Prices at Risk, Crude Oil Sinks But Broader Uptrend Remains Intact
2021-03-02 07:30:00
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2021-03-01 20:00:00
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Why a Rise in Retail Trading May Signal Another Mania
2021-03-01 06:00:00
Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Feb 01, 2021 when Wall Street traded near 30,246.40.
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Market Positioning Data Show Retail Traders Long Silver and Gold | Webinar
2021-03-02 13:30:00
Gold Price Forecast: Gold Bulls Last Line of Defence
2021-03-02 12:00:00
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British Pound Forecast: Sterling Snaps Six Week Rally- Cable Support?
2021-03-02 17:00:00
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2021-03-02 09:00:00
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2021-03-02 15:00:00
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USDCAD Focus is on 2012 High at 10318

USDCAD Focus is on 2012 High at 10318

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, USDCAD Focus is on 2012 High at 10318

Prepared by Jamie Saettele, CMT

The USDCAD has broken cleanly through trendline resistance and focus is on the January high at 10318 as long as price is above 10150. A drop below there would suggest that a larger correction is underway towards 10060-10100. Former trendline resistance is now a level to watch as support as well.

LEVELS: 10318 10245 1015010132 10104 10063

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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