UsdCad Correction underway?
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
Lexwaves
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