USD/CAD Could Bounce Near 1.1900
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“The USDCAD breakdown from a 2 and a half month topping pattern could ‘kick-off’ a much larger decline but near term focus is on early congestion from 1.1931 to 1.2046.”
-“USDCAD is testing a key median line as resistance.” Resistance has held. Look towards the mentioned levels.
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