DailyFX.com -

Daily

USD/CAD Uptrend Line is Just above 1.40

Chart Prepared by Jamie Saettele, CMT

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

-USD/CAD is holding its breakout bit be aware of an uptrend line just above 1.40 as a potential stalling point. At the same time, support may be just below 1.3800 (also a slope line). It’s worth noting that the 2004 high is 1.4003.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk


original source