USD/CAD Finds Low at Early May High
Chart Prepared by Jamie Saettele, CMT
-“USDCAD rolled over after reaching a high volume level (3/18 close) at 1.2559. A short term double top yields a 1.2171 objective.” USDCAD found low right at the 5/1 high on Wednesday. The rebound may face resistance near 1.2365 (short term breakdown level).
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