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USD/CAD Doji at Support

USD/CAD Doji at Support

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-A daily doji formed in USD/CAD today, which is interesting because the low is right at a long term parallel that provided support for lows throughout 2016. The combination (doji and support) warns of a low. As mentioned in recent updates, keep 1.3260/80 in mind for resistance.

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