USD/CAD Bullish Channel Failure Muddles Picture
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: The break below Elliott channel support makes being long a crapshoot. There are just too many options from a pattern perspective but in general the next support area is 1.0100/20. This is former resistance and where the decline from the top would consist of 2 equal waves.
FOREXTrading Strategy: Flat
LEVELS: .9932 1.0022 1.0100 1.0215 1.0260 1.0342
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