USD/CAD Still at Support…Still Doing Nothing
Chart Prepared by Jamie Saettele, CMT
-USD/CAD continues to sport lower wicks at support…in other words it’s not doing much. The support I’m referencing is “the long term parallel that provided support for lows throughout 2016.” If it ever gets off the floor, then be aware of 1.3260/80 for resistance. If it dumps then watch 1.2895 (61.8% of rally from 2016 low).
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.