USD/CAD Takes Out Trendline Support
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDCAD is below trendline support and one has to wonder whether or not the rate is going to come back to test the breakout level near 1.0650. Near term, lows at 1.0909 and 1.0955 (now) are bounce levels.
-A dip under 1.0909 could also complete a flat correction from the January high.
LEVELS: 1.0850 1.0909 1.0941 | 1.1050 1.1100 1.1150
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