(MENAFN- DailyFX)
Daily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-'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 has turned down sharply. The current level is ‘no-man's land' but pay attention to the recent highs just above 1.3200 for support.
MENAFN2303201700760000ID1095340205
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.