USDCAD breakout challenges
· A dip and a bounce Thursday, through modest support at 1.0856, but rebounding from 1.0811 to maintain the broader range theme, defined by 1.1000/05 and 1.0811.
· No strong view into the Employment reports on Friday, but a skewed bias for a push higher for 1.0945, maybe above closer to 1.1000/05.
WHAT CHANGES THIS?
· Upside: Above 1.1000/05 aims higher for 1.1055 and 1.1080.
· Downside: Below 1.0811 sees risk lower for 1.0795 and 1.0733.
Download our full report with latest screencast & levels here: http://members.marketchartist.com/Daily/USDCAD.pdf
4 Hour USDCAD Chart