USD/CAD Takes a Breather as Market Waits for GDP
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-Measured objectives from the breakout above the 2011 high range from 1.1680 to 1.1910. The Jul 2009 high rests in this zone at 1.1724 and the 2007 high is near the top of the zone at 1.1875.
-Near term momentum has slowed so a pullback could materialize. 1.1030 is estimated support.
LEVELS: 1.1049 1.1077 1.1138 | 1.1200 1.1234 1.1315
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