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USD/CAD Hovers Near Range Highs

USD/CAD Hovers Near Range Highs

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CAD Hovers Near Range Highs

Chart Prepared by Jamie Saettele, CMT

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

-There is no change to recent USD/CAD comments. “USD/CAD is relatively unchanged since NFP (Canada’s jobs data was also released that day). Trade since then has seen slow drifts in both directions. The dominant trend is still up but a break under 1.3200 is needed in order to suggest even short term downside potential towards 1.2950.”

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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