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USD/CAD – 1.3442/60 is a Possible Reaction Zone

USD/CAD – 1.3442/60 is a Possible Reaction Zone

2017-03-07 18:29:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/CAD – 1.3442/60 is a Possible Reaction Zone

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. I still ‘lean’ towards the upside as long as the support line holds.” USD/CAD has rocketed higher. The year open is 1.3442 so some back and fill might need to take place before another leg up.

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