USD/CAD Bullish Channel May be Forming
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-USDCAD gapped lower and traded to its lowest level since 8/9.
-A line parallel to the line off of the March and July highs served as support on Monday. A bullish channel may be forming. The line that extends off of the January and May lows is slightly below the August low.
Trading Strategy: Flat
LEVELS: 1.0245 1.0275 1.0305 | 1.0355 1.0418 1.0470
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