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USD/CAD Holds Breakout; Could Stall Near 1.37

USD/CAD Holds Breakout; Could Stall Near 1.37

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CAD Holds Breakout; Could Stall Near 1.37

Chart Prepared by Jamie Saettele, CMT

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

-USD/CAD is holding its breakout bit be aware of 1.3700 as a potential stalling point. 1.3700 is about where a line resides that was resistance in July and support throughout August and September. The next major horizontal level isn’t until 1.4000; a nice round number yes but it’s also the 2004 high.

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

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