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USD/CAD Pulls back From Range Highs

USD/CAD Pulls back From Range Highs

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

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

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