DailyFX.com -

Daily

USD/CAD 1.1025/50 Still in Focus

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-The manner in which USDCAD turned up from the June low (near long term trendline support) indicates resumption of the long term bull trend.

-The current level may inspire consolidation but near term trend is higher as long as price is above 1.0800 towards 1.1026/52 (Fibonacci and late April high).

--Trading ideas are availabletoJ.S. Trade Desk members.

You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USDCAD Posts 3rd Highest Volume Day in 2015 As Oil Plunges

  2. Forex News

    Dollar Demand Strong at Start of Critical Economic Data Week

  3. Forex News

    USD/CAD Technical Analysis: July Swing Top Under Pressure

  4. Investing

    USD/CAD: August 2015 Forecast

  5. Forex News

    Monetary Policy Speculation Continues Next Week With NFPs, RBA and BoE

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!