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USD/CAD 5 Year Highs; Pathetic Momentum

USD/CAD 5 Year Highs; Pathetic Momentum

2014-12-09 19:26:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/CAD 5 Year Highs; Pathetic Momentum

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“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.

--Trading ideas are availabletoJ.S. Trade Desk members.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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