USD/CAD Channel is Higher; Fixed Length Cycle on Monday
Chart Prepared by Jamie Saettele, CMT
-After testing support for all of February, USD/CAD is closing in on the December high. Be aware of the level but channel resistance is still a good deal higher. Cycle considerations are worthy of note. The decline from the 2016 top lasted 74 days. Since that point, the fixed length cycle has identified turns (3 days early on the August 2016 low). The next cycle date was Monday but give these cycle dates a window (August low was 3 days after the date for example).
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