USDCAD weekly price action suggests we could see a short-term reversal in the current trend.
We have also seen a fake out of the lows adding confluence to a reversal. The Canadian
Dollar has been declining lately and with price, at these levels, we could see a fall against
strong currencies.
The weekly Fibonacci suggests we could see price retrace back to the 1.3238 lows.
We have also seen a fake out of the lows adding confluence to a reversal. The Canadian
Dollar has been declining lately and with price, at these levels, we could see a fall against
strong currencies.
The weekly Fibonacci suggests we could see price retrace back to the 1.3238 lows.
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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.