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USDCAD Inside Day Presents Opportunity

USDCAD Inside Day Presents Opportunity

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, USDCAD Inside Day Presents Opportunity

Prepared by Jamie Saettele, CMT

The USDCAD has reached the downward sloping channel and the next downside level of interest is the 100% extension at 9588. Like everything else, the channel is a good place for some corrective action to take place but the near term trend remains down against 9775 (Thursday high). 9715/40 is resistance.

LEVELS: 9530 9588 9650 9715 9740 9775

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

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