USD CAD Uptrend intact
USD CAD has been trading between two upward trend lines supported by weak oil prices and a less hawkish BOC statement on the 5th of December. Next target for bulls is the 1.34 figure and 78.6% Fibo retracement of the summer 2017 down movement which is 1.342.
Ramzi Abou Abdallah, CFTe, CMT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.