USD/CAD 1.0150 of Interest as Resistance
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: No change – “The USDCAD broke below parallel channel support and to its lowest level in over 2 months. Currently holding downward sloping channel support, a few days of consolidation is probably needed in order to correct a sharp 4 day decline.” 1.0150 is resistance. Something that should worry bulls however is the extreme COT positioning.”
FOREXTrading Strategy: Flat
LEVELS: 1.0001 1.0050 1.0080 1.0150 1.0206 1.0263
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