USD/CAD Breakout; Targets Make Me Loonie
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 market has broken out. A measured objective is 1.1538 but longer term chart levels are not until 1.1723 and 1.1875. Look higher.
LEVELS: 1.1110 1.1145 1.1198 | 1.1417 1.1537 1.1724
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