FOREX Technical Analysis: USDCAD Inside Day Forms
Chart Prepared by Jamie Saettele, CMT
FOREXObservations: The USDCAD has traded sideways for 4 days at the late August high. A look at near term price action reveals a potential triangle.
FOREXTrading Strategy Implications: “The market’s response before support is promising.” Market risk remains higher for a break towards 10024 but perhaps in just a terminal thrust from a triangle.
LEVELS: 9763 9844 9877 9976 10024 10084
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