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USD/CAD at a Bullish Median Line; 2009 High is at 1.3062

USD/CAD at a Bullish Median Line; 2009 High is at 1.3062

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CAD at a Bullish Median Line; 2009 High is at 1.3062

Chart Prepared by Jamie Saettele, CMT

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

-“USDCAD has broken through resistance, indicating potential for the long term bull move to reassert. Watch 1.2540/60 for support.” The cited support was never reached but the bull trend has reasserted. 11 year highs aren’t far off. The 2009 high is at 1.3062 (just below the 127.2% extension of the March-May range, which is at 1.3083).

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

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