Analysis

USDCAD Setup Daily: Looking higher

USD/CAD Daily: I still prefer the double zig zag 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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