USD/CAD Hits First 20 Day High Since January Top
Chart Prepared by Jamie Saettele, CMT
-USD/CAD reversed sharply last week. The low is at (exactly at) former channel resistance, which turned into support exactly one year ago (in May 2015). USD/CAD just registered its first 20 day high since the January top. Initial 20 day highs are subject to drawdown but watch for support on a pullback starting at 1.2830.
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