- Klarenbach Special Crops Report
- Posts
- USDCAD Update
USDCAD Update
Special Crops Technical Analysis
The U.S. Dollar Index (DXY) continues to grind up to the target levels identified in my Sept 2 publication:
From Sept 2:
The reader can see how the USD has outperformed the basket of currencies held within the DXY.
The Euro has a weighting of 57.6%, making it the most significant pair.
The red box represents a target range that, if reached, will often slow the advance and result in a correction.
The USDCAD is also approaching my first target published in my Sept 2 publication.
From Sept 2:
The dashed lines at 1.33397 and 1.36542 represent targets derived from Fibonacci and past resistance levels.
This has been an important level in the past when one looks at the left side of the chart and could provide resistance.
Reply