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USD/CAD Weekly RSI is Highest Since 1998 Blow off

USD/CAD Weekly RSI is Highest Since 1998 Blow off

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-USDCAD has pushed through the 2007 high at 1.1875, 61.8% extension of the 2007-2009 rally from the 2011 low at 1.1882, and several upward sloping parallels. The next cluster of technical levels is between 1.25 and 1.2730.

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

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