USD/CAD Still Supported on Dips
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-USDCAD traded into 1.0355 last week. That level is significant because it is the 9/13 high, which was a Friday before a gap lower. As long as price is below that level, I’ wary of the long side.
-The advance from the 9/19 low began impulsively, but momentum slowed considerably from the 9/24 low. A test of that level could complete a flat pattern.
Trading Strategy: Flat
LEVELS: 1.0181 1.0232 1.0264 | 1.0336 1.0355 1.0409
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