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USD/CAD Bull Trend Resumes; Reaction Level at 1.1050

USD/CAD Bull Trend Resumes; Reaction Level at 1.1050

2014-04-15 18:21:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_usd-cad_body_Picture_5.png, USD/CAD Bull Trend Resumes; Reaction Level at 1.1050

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-USDCAD action since the January high may compose a flat. The low at 1.0857 is in line with major inflection points on recent years as well as the 1/13 low (1.0842).

-I’m looking higher this week but beware that 1.1050 is a reaction level.

LEVELS: 1.0880 1.0920 1.0955 | 1.1025 1.1050 1.1100

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

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