USD/CAD ’Mini Coil’ after Breakout
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-Since the break above short term trendline resistance (line off of July and late August highs), USD/CAD has traded in a tight range. The tight ‘coil’ could serve as the launch point for another run higher but be aware of a long term parallel that could induce failure near 1.3370.
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