-"Channel supports in USDCAD extend from about 1.0780 to 1.0860 (the recent low) this week. 1.0793 also represents the 61.8% extension of the first leg of the drop from the March high."
-The rate has responded to a major confluence of trendlines. The next bull leg in USDCAD may be underway.
LEVELS: 1.0829 1.0850 1.0880 | 1.0913 1.0954 1.1000
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.