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Euro Technical Forecast: Will EUR/USD, EUR/AUD Weakness Last?
2021-01-16 05:15:00
EURUSD and S&P 500 Break Lower to End the Week, VIX Ready to Blow
2021-01-16 03:15:00
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Crude Oil Prices In Focus Amid Fears of Falling Demand
2021-01-15 15:00:00
Crude Oil Prices May Turn Lower as Market Risk Appetite Sours
2021-01-15 06:00:00
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Gold Technical Forecast: XAU/USD May Rise as 200-MA Holds Firm
2021-01-15 20:00:00
Consumer Confidence Dips, Reflects Growing Concerns Regarding Coronavirus
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GBP/USD Weekly Forecast: GBP/USD Rally Out of Steam?
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2021-01-15 09:03:00
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USD/JPY Forecast: Yen Pushes Back After Jerome Powell’s Interview
2021-01-15 12:53:00
USD/JPY Price Outlook: US Dollar Ranges Ahead of Biden Aid Plans
2021-01-14 22:30:00
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USDCAD Reverses Wednesday’s Gains at Trendline

USDCAD Reverses Wednesday’s Gains at Trendline

2012-09-27 22:49:00
Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, USDCAD Reverses Wednesday’s Gains at Trendline

Prepared by Jamie Saettele, CMT

“9930 is significant and reward/risk favors bears with each tick higher against that level.” The risk level for bears is now the Wednesday high. Currently at trendline support from the line that extends off of the 9/14 and 9/25 lows, a break exposes the 61.8% retracement of the rally from 9633 at 9719. Downside continuation through early October could reach longer term Fibonacci objectives at 9546/88.

LEVELS: 9667 9719 9768 9819 9845 9860

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