USD/CAD Failure to Hold 1.0400 Would Shift Near Term Trend
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDCAD has pulled back from the line that crosses the July and August highs. The level is reinforced by upward sloping channel resistance.
-An early month low is in place at 1.0397. Weakness below there would shift focus to channel support closer to 1.0350.
Trading Strategy: Flat
LEVELS: 1.0330 1.0365 1.0397 | 1.0439 1.0464 1.0484
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