USD/CAD Choppy Rise from 3/16 Prepping for a Drop?
DailyFX.com -
Daily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-USD/CAD has traded in a narrow yet volatile range since FOMC. The slightly positive tilt of the range following a sharp decline indicates that pattern may be forming a small bearish flag. Clearly, the March high is critical to this interpretation. As noted last update, “the current level is ‘no-man’s land’ but pay attention to the former highs just above 1.3200 for support.”
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from IG.