USD/CAD Trades into 5 and 20 Day Average Confluence
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
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FOREXAnalysis: The sharp drop into Friday’s low could complete a flat correction from the 8/2 high. The month open at 1.0276 has held as support. I’m inclined to look higher but there are better trades.
FOREXTrading Strategy: Flat
LEVELS: 1.0173 1.0245 1.0276 1.0362 1.0422 1.0444
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