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USD/CAD Whipsaw Action; Long Term Support Lines Near 1.0200

USD/CAD Whipsaw Action; Long Term Support Lines Near 1.0200

2013-08-15 23:03:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_usd-cad_body_usdcad.png, USD/CAD Whipsaw Action; Long Term Support Lines Near 1.0200

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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