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USDCAD Double Zigzag Complete?

USDCAD Double Zigzag Complete?

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_usd-cad_body_usdcad.png, USDCAD Double Zigzag Complete?

Prepared by Jamie Saettele, CMT

The USDCAD has reversed sharply from channel support and a complex double zigzag correction may be complete at 10065. The confluence of channel support and equality of the zigzags (equality was at 10079) makes a strong bullish case. Longs are favored on a dip below 10150.

LEVELS: 10065 10100 10150 10200 10250 10275

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