USDCAD Finding Support from Channel and 50% Retrace
Prepared by Jamie Saettele, CMT
The USDCAD is testing channel support and the 50% retracement of the advance from 9799. The 100% extension of the decline from 10446 is next in line at 10075. Finally, the April high is in line with the 61.8% retracement at 10050. In summary, 10050 to the current level is stacked with technical levels (support).
LEVELS: 10046 10075 10100 10200 10230 10300