USDCAD Setup Daily: Looking higher

Jack Crooks Black Swan Capital

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.

Author

Jack Crooks

Black Swan Capital

Experience Jack has over 30 years of experience in the currency, equity, and futures arena. He has held key positions in corporate financial analysis, brokerage, investment research, money management, and trading.

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