USD/CAD 5 Year Highs; Pathetic Momentum
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.”
-USDCAD is consolidating above bullish lines. If the trend is still higher, then the rate should hold these lines.
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