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USD/CAD 1.0905 to Current Level is Support for a Low

USD/CAD 1.0905 to Current Level is Support for a Low

2014-02-18 21:14:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_usd-cad_body_Picture_5.png, USD/CAD 1.0905 to Current Level is Support for a Low

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-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 market has entered an area that could produce the next important low.

LEVELS: 1.0858 1.0904 1.0928 | 1.0976 1.1036 1.1076

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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