USD/CAD Sits Slightly Above Trendline
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-The USDCAD breakout failed and the market is back in the range. The key level that failed to hold, 1.1150, is now resistance and the rate has traded into possible support from the 10/18 low at 1.1025.
-Longer term trendline support intersects 1.0985 this week and could be strong support. Estimated resistance is from 1.1150-1.1220.
LEVELS: 1.0941 1.0985 1.1007 | 1.1100 1.1150 1.1206
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