USDCAD AUGUST WAS A ONEWAY STREET LOWER

The USDCAD is snaking along is a wide range for this cross.  The pair has been bouncing between .9950 and support at .9840 for the last two weeks.  If the cross break below .9840 on the third try price will run into another major support just below at .98.  This level  is the year to date low and should put up some resistance.  A break below .98 exposes .9725.

Sup  .9840

Res  .9950

Yen Talk ,Wake up Call , Weekend Wrap Video and Private Twitter Feed Are found HERE

Non subscribers can have a 1-week trial HERE

 

 

 

Leave a Reply