USD/CAD Holds Important 1.0400 Level
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDCAD has pulled back from the line that crosses the July and August highs. A break above that line would warrant a bullish bias.
-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: 1.0397 1.0428 1.0448 | 1.0484 1.0525 1.0567
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.