USD/CAD 9 Days Up for First Time Since 2010
Chart Prepared by Jamie Saettele, CMT
-USD/CAD is at a long term parallel line and long term horizontal level (1986 high is 1.4420). The line 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 flip the near term trend.
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