USD/CAD Longs Remains Favored on Weakness
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: “The USDCAD has broken through trendline resistance. The sideways, slow-trading nature since the March 1 high suggests that the trade is corrective. Today’s impressive push through the trendline and 4/5 high is bullish.”
FOREXTrading Strategy: Want to get long on a dip at 1.0190.
LEVELS: 1.0103 1.0163 1.0208 1.0267 1.0342 1.0407
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