USDCAD - Correcting higher in a 4th wave
USDCADUSDCADUSDCADUSDCADUSDCAD - Intraday - We look to Sell at 1.3144 (stop at 1.3179)
3 positive daily performances in succession. The move higher is mixed and volatile, common in corrective sequences. The 161.8% Fibonacci extension is located at 1.3035 from 1.3565 to 1.3238. The previous swing high is located at 1.3145. Bespoke resistance is located at 1.3144. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 1.3060 and 1.3000
Resistance: 1.3144 / 1.3206 / 1.3268
Support: 1.3060 / 1.2710 / 1.2700
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