USD/CAD Nears the Critical May-August Line and 200 Day Average
Chart Prepared by Jamie Saettele, CMT
-USD/CAD focus remains on the May-August trendline, which is in line with 200 day average (1.3072). 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.