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USDCAD Rips into Mid-January Levels

USDCAD Rips into Mid-January Levels

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, USDCAD Rips into Mid-January Levels

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 1015010104 10063

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