News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
FOREX Technical Analysis: USD/CAD Estimated Resistance Just above Parity

FOREX Technical Analysis: USD/CAD Estimated Resistance Just above Parity

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

FOREX_Technical_Analysis_USDCAD_Estimated_Resistance_Just_above_Parity_body_usdcad.png, FOREX Technical Analysis: USD/CAD Estimated Resistance Just above Parity

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: The USDCAD rally from September is in 5 waves therefore the reversal in recent days should be respected. The most common retracement area following 5 wave movements is the former 4th wave, which comes in at 9874.

FOREXTrading Strategy: I’m looking to short a bounce above parity against the high for a drop into at least 9874.

LEVELS: 9874 9920 9954 10009 10056 10084

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

DISCLOSURES