Exchange rates

USDCAD

Delayed 00:21:18 2024-07-06 EDT			5-day change	1st Jan Change
1.364 ^CAD	0.00%		-0.28%	+2.97%

07-05	TSX Records Only Loss of the Week On Mixed Commodity Prices and Mixed Responses To Jobs Data	MT
07-05	Canada Unemployment Rate Continues to Climb, Rising to 6.4% in June -- 2nd Update	DJ

USD/CAD Technical Confluence Near 1.1875

January 06, 2015 at 04:15 pm

DailyFX.com -

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USD/CAD Technical Confluence Near 1.1875

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.”

-“USDCAD is consolidating above bullish lines. If the trend is still higher, then the rate should hold these lines”.

-USDCAD faces a confluence from the 2007 high at 1.1875, the 61.8% extension of the 2007-2009 rally from the 2011 low at 1.1882, and a near term upward sloping line.

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

original source

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