Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-The manner in which USDCAD turned up from the June low (near long term trendline support) indicates resumption of the long term bull trend.
-The current level may inspire consolidation but near term trend is higher as long as price is above 1.0800 towards 1.1026/52 (Fibonacci and late April high).
–Trading ideas are availabletoJ.S. Trade Desk members.