USD/CAD 1.3210 Remains a Level to Know
Chart Prepared by Jamie Saettele, CMT
-“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.
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