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USDCAD Inside Day Presents Opportunity

USDCAD Inside Day Presents Opportunity

2012-09-12 03:03:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_usd-cad_body_usdcad.png, USDCAD Inside Day Presents Opportunity

Prepared by Jamie Saettele, CMT

“The USDCAD slipped to 9713 today. 9765-9800 is now resistance and the trend is down against 9920. Levels that may come into play for an eventual bottom are the downward sloping channel and 100% extension at 9588.” Today’s inside day offers an opportunity to play the break of 9713/77. An upside break encounters 9810/40 and a downside break encounters the aforementioned levels.

LEVELS: 9635 9674 9710 9765 9790 9810

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

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