USD/CAD Runs into June High
Chart Prepared by Jamie Saettele, CMT
-Recent updates favored the bearish wedge scenario on the break below 1.2900. The post Jackson Hole rally negates the wedge but not necessarily a broader consolidation that leads to a downside break…eventually. Pay attention to levels within the range until the picture clears. 1.3140s is resistance (hit the last 2 days) and 1.3000 is of interest for support.