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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
USD/CAD Signs of Life from Support

USD/CAD Signs of Life from Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CAD Signs of Life from Support

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-USD/CAD continues to sport lower wicks at support but range is contracting as the latest rally failed right at the high from 2 weeks ago. The support I’m referencing is “the long term parallel that provided support for lows throughout 2016.” I still ‘lean’ towards the upside as long as the support line holds. If it breaks 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.

DISCLOSURES