USD/CAD Setup Daily: Looking higher...

USD/CAD Setup Daily: Looking higher...
15 August 2018/10:08 a.m. ET

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. 
 

081518 cad daily.png

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