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USD/CAD Doji at Resistance; 1.1040 is Still Support

USD/CAD Doji at Resistance; 1.1040 is Still Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_usd-cad_body_Picture_5.png, USD/CAD Doji at Resistance; 1.1040 is Still Support

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.

-1.1040 is now support.

LEVELS: 1.10005 1.1040 1.1085 | 1.1132 1.1159 1.1193

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

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