USD/CAD
Hello Everyone,
As we can observe on the monthly chart of the USD/CAD,
we can clearly see that after a strong upward movement,
price found resistance on a Double Top, pulled back and
is currently correcting to the downside.
We are expecting the price to reach approximately the
1.2050 price level, where we have a 50.0% Fibonacci
retracement level, a strong support point, as well as
the 200 Moving Average.
As we can observe on the monthly chart of the USD/CAD,
we can clearly see that after a strong upward movement,
price found resistance on a Double Top, pulled back and
is currently correcting to the downside.
We are expecting the price to reach approximately the
1.2050 price level, where we have a 50.0% Fibonacci
retracement level, a strong support point, as well as
the 200 Moving Average.
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.