Daily
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 the rate has turned up after taking out the December low. Respect potential for a rally to materialize from the current level.
For more analysis and trade setups (exact entry and exit), visit SB Trade Desk
