USD/CAD Holds Breakout; Could Stall Near 1.37
Chart Prepared by Jamie Saettele, CMT
-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.