Chart Prepared by Jamie Saettele, CMT
-Today's plunge negates recent evidence (key reversal and follow through, RSI divergence) that USD/CAD was basing for another move higher. The drop has extended below a well-defined horizontal level from the March 2015 high and October 2015 low at 1.2830. The next level of interest on the downside is probably the June 2015 high at 1.2560.
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