USD/CAD Trades into 2007 High
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDCAD faces the 2007 high at 1.1875, the 61.8% extension of the 2007-2009 rally from the 2011 low at 1.1882, and several upward sloping parallels. Weakness under 1.1730 would give scope to a period of consolidation or larger pullback.
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