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USD/CAD Follows Through on Bullish Reversal Warning

USD/CAD Follows Through on Bullish Reversal Warning

2016-04-05 18:42:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/CAD Follows Through on Bullish Reversal Warning

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The last update noted that “today’s (3/31) key reversal along with divergence (RSI) at warns of a low. The implication, especially when considering the presence of long term support under price, is bullish.” USD/CAD followed through on the 3/31 reversal and trading focus is higher until noted otherwise.

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