USD/CAD Behavior Change; 1.3350-1.3450 May Influence for a Bounce
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-The last update noted that “USD/CAD has topped and is heading lower. The trendline that crosses the May, June, and October lows could provide support near 1.3560. If that breaks, then there is nothing significant until below 1.31.” The only new observation of note is that 1.3350-1.3450 (August and September highs) is former resistance and may provide support for a bounce/consolidation.
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