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Forex pairs in this Article » USD/CAD
Monthly

eliottWaves_usdcad_body_Picture_5.png, USD/CAD Dips into Support Before CPI; Huge Breakout Attempt  Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-USDCAD dipped into support from the 12/13 high. 1.0640 is also possible support.

-There is no ‘chart resistance’ until the May 2010 high of 1.0853. Measured objectives are not until 1.1035 (Aug 2009 high is at 1.1124) and 1.1682 (Jul 2009 high is at 1.1724).

Trading Strategy: Long (entry 1.0670), stop 1.0550, targets 1.10 and 1.17.

LEVELS: 1.0572 1.0617 1.0642 | 1.0715 1.0853 1.1000



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