Bears have entered the building on USDCAD
Usdcad weekly chart, completed the retracement after a structure break. Price rejected the retest of the level leaving a double top formation. Bears should take full control this week and continue the trend lower. 2 options for where price could move to-
1. price will drop to the 50% - 71% retracement at the very least for equilibrium and look for discount.
2. price will complete the 100 % retracement of the correction around 131.840 area after a pull back
1. price will drop to the 50% - 71% retracement at the very least for equilibrium and look for discount.
2. price will complete the 100 % retracement of the correction around 131.840 area after a pull back
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.