USD/CAD Impulsive Rally; Pullback Needed to Get Long
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Interested in automated trading with Mirror Trader?
FOREXAnalysis: Suspicions that the USDCAD was trying to form a low proved correct and the pair is rallying in an impulsive manner. Slightly higher levels (small 4th and 5th waves) likely carry price higher for the next day before a pullback materializes. 1.0320 is support for Friday.
FOREXTrading Strategy: Flat
LEVELS: 1.0245 1.0276 1.0320 1.0355 1.0392 1.0441