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USDCAD 9875 and 9717 Remain Key

USDCAD 9875 and 9717 Remain Key

2012-10-18 00:27:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_usd-cad_body_usdcad.png, USDCAD 9875 and 9717 Remain Key

Prepared by Jamie Saettele, CMT

“As long as price remains below 9883, then a bearish outcome is possible but a break higher exposes 9928.” I’ll still look lower on balance over the next few days but support is stacked from 9717 to 9728. I will be looking for signs of exhaustion and reversal below 9734. 9875 is resistance.

LEVELS: 9717 9777 9808 9875 9884 9928

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

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