USD/CAD at Channel; Beware a Breakout Attempt
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDCAD continues to press against the line that crosses the July and August highs. The level is reinforced by upward sloping channel resistance.
-A break above the latter channel could trigger a significant move higher.
-An early month low is in place at 1.0397.
Trading Strategy: Flat
LEVELS: 1.0397 1.0420 1.0460 | 1.0515 1.0547 1.0570
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