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USDCAD Fibonacci Retracement at 10250

USDCAD Fibonacci Retracement at 10250

2012-06-12 22:04:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_usd-cad_body_usdcad.png, USDCAD Fibonacci Retracement at 10250

Prepared by Jamie Saettele, CMT

“The USDCAD traded 9 pips below the 6/7 low on Sunday night before reversing sharply. Support at the low is reinforced by the 20 day average and 5/29 low. The RSI reversal signal is also bullish. 10360 is the first level that could provoke a reaction.” There is no change other than to note that 10250, the 61.8% retracement of the rally from 10200, is now support.

LEVELS: 10150 10200 10250 10295 10325 10365

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