USD/CAD Turns Up Before March Low (former resistance)
Chart Prepared by Jamie Saettele, CMT
-“USDCAD has broken through resistance, indicating potential for the long term bull move to reassert.”
-“The cited support was never reached but the bull trend has reasserted. Watch the March high for support at 1.2834.” This level (1.2834) was never reached either as USDCAD made low on 7/29 at 1.2860. Allowing for consolidation between here and the median line, look higher.
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