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USD/CAD Pulls back From Range Highs

USD/CAD Pulls back From Range Highs

Jamie Saettele, CMT, Sr. Technical Strategist


USD/CAD Pulls back From Range Highs

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Recent updates have noted that “USD/CAD upside acceleration is possible (consolidation could break either way), especially considering the response from 1.2830s. Moves off of this price produced 2 trending moves in 2015.” A positive bias is warranted whilst above 1.3834 but be aware of possible failure near 1.3300 (200 day average and a swing high).

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.