Daily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-There is no change to recent USD/CAD comments. “The recent plunge negates evidence (key reversal and follow through, RSI divergence) that USD/CAD was basing for a move higher. The drop has extended below a well-defined horizontal level from the March 2015 high and October 2015 low at 1.2830. The next level of interest on the downside is probably the June 2015 high at 1.2560.”
For more analysis and trade setups (exact entry and exit), visit SB Trade Desk
