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USD/CAD 1.3210 Remains a Level to Know

USD/CAD 1.3210 Remains a Level to Know

2017-03-21 19:23:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/CAD 1.3210 Remains a Level to Know

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“USD/CAD 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 (3/13) but give these cycle dates a window (August low was 3 days after the date for example).” USD/CAD turned down sharply. The current level is ‘no-man’s land’ but pay attention to the recent highs just above 1.3200.

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

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