USD/CAD Former Resistance Becomes Support
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-The manner in which USDCAD turned up from the June low (near long term trendline support) indicates resumption of the long term bull trend.
-Trade since the March high is forming a sequence of continuation patterns (of the head and shoulders variety). Look higher as long as above 1.0885. Support is estimated near 1.10.
--Trading ideas are availabletoJ.S. Trade Desk members.