USD/CAD Setup Daily: Looking Higher...
USD/CAD Daily: I still prefer the double zigzag pattern pushing toward 1.3600-1.3800 level. Interestingly, CAD has been relatively strong compared to most other commodity currencies which have put in fresh swing lows against the US dollar...catch-up time? Note the overlay of AUD/USD price inverted to better see the correlation. USD/CAD swing high comes in at 1.3383, which is another 250 pips away.
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Disclaimer: Futures, Forex and Option trading involves substantial risk, and may not be suitable for everyone. Trading should only be done with true risk capital. Past performance either actual ...
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