USD/CAD Top Side of Former Corrective Channel in Play
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.
-The rate has responded to support (1.0990). This is a good place for the larger rally to resume.
LEVELS: 1.0904 1.0953 1.0999 | 1.1105 1.1132 1.1216
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
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