Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
USD/CAD May-August Line Represents a Decision Point

USD/CAD May-August Line Represents a Decision Point

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-USD/CAD focus remains on the May-August trendline, which is in line with 200 day average near 1.3080. Intraday trend is getting stretched so longs may need to puke into the noted level before any relief can materialize. Weakness below that trendline would trigger a 7 month bearish wedge.

Join Jamie for a free webinar on Friday.

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