240 Minute Bars
Prepared by Jamie Saettele
With crude oil breaking important support, we must consider the
possibility that an important USDCAD low is in place, despite price
dropping below its November low. Notice that former support at 9975
became resistance in January. That level is now failing as resistance.
A push through the trendline (from August) and 50 day SMA (red) would
warrant a bullish bias.
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