UsdCad Correction underway?
Updated
BOC kept interest rates unchanged taking a neutral stance on montery policy. After +500 pip decline P/A is finding support around the (1.31830) level with that being said typical corrections can last 50%-100% in time and 38%-78% price for a nice intra day (long) counter trend trade (300) pips, keep a eye on oil prices!
Note
P/A Tagged the 38 fib level slightly outside the boxed area
Lexwaves
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.