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USD/CAD Uptrend Line is Just above 1.40

USD/CAD Uptrend Line is Just above 1.40

Jamie Saettele, CMT, Sr. Technical Strategist


USD/CAD Uptrend Line is Just above 1.40

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 an uptrend line just above 1.40 as a potential stalling point. At the same time, support may be just below 1.3800 (also a slope line). It’s worth noting that the 2004 high is 1.4003.

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.