News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
USDCAD Outside Day Reversal from Parity

USDCAD Outside Day Reversal from Parity

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_usd-cad_body_usdcad.png, USDCAD Outside Day Reversal from Parity

Prepared by Jamie Saettele, CMT

“The USDCAD pattern from the June 1 high is a complex correction. The overlapping of waves highlights the corrective nature while the extent highlights the complexity. Currently below channel support and exhibiting a completed impulse (5 waves) at a small degree of trend, expectations are for a partial retracement of the decline from 10231 before a low is registered later in August. 10110/40 is resistance.” Look into the mentioned 10110/40 over the next few days.

LEVELS: 10003 10023 10036 10060 10110 10140

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