USDCAD Pullback Likely

By csohrab
USDCAD has been accumulating around the 1.20 area for a while, we look for a long to 1.22500

1. Even though price is in a strong downtrend it has slowed significantly and is getting ready for a retrace
2. Buy volume has been increasing
3. USD is finding support and strengthening confirming our short term bullish bias

This is not financial advice. This is for educational purposes.
accumulationFibonaccipullbackretraceSupport and ResistanceUSDCADVolume

Related publications

Disclaimer