USD/CAD Flatlines Just Above Long Term Support Lines
Chart Prepared by Jamie Saettele, CMT
-I feel like giving up on USD/CAD so a low is probably close (learn to read yourself). “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 and the June 2015 high at 1.2560.” The next area of interest is probably mid-1.2400s.
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