USDCAD Chart Technical Outlook

USDCAD Chart Technical Outlook will complete a Crab formation at 1.4065* After two days of consolidation buyers returned yesterday. We have seen a mild correction lower this morning close to the previous swing high of 1.3693.

The medium-term focus remains on higher levels with the Crab completion at 1.4065. Intraday, we have the previous swing high from Wednesday, October 11 at 1.3624. Bespoke support is located at 1.3618. I would look to this zone to stem intraday corrections.

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