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USD/CAD Ends June Near Several Trendlines

USD/CAD Ends June Near Several Trendlines

2015-06-30 19:42:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/CAD Ends June Near Several Trendlines

Chart Prepared by Jamie Saettele, CMT

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

-“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…1.2160/75 is still possible range support. 1.2430 may provide resistance.”

-“USDCAD found low today (6/18) at a 10 month trendline. Respect the range as long as the trendline holds.” USDCAD ends June near resistance from 2 trendlines. Respect downside risk as long as price is below the June high.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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