USDCAD Breakdown Analysis
Looking at the Daily time frame for USDCAD we see making a retracement after a quick bearish movement last week. I would like to see price retracing to at least the 62% Fibonacci area then look for sell opportunities on the lower time frames. COT reports shows CAD moving slowly towards the positive net positions.
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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.