USD/CAD Approaches Major Parallel Reference Point
Chart Prepared by Jamie Saettele, CMT
-USD/CAD is closing in on a long term parallel level. The level in question is the parallel to the line that extends off of the 1991 and 2007 lows. This same technique identified support in 2011. Weakness below 1.3815 is needed in order to change even the shortest term trend.
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