USDCAD, just once more before a big drop?
Price has yet to touch the supply zone that also sits well with where the 0.618 fib level is at, there is also a descending trendline that could potentially act as resistance.
Although price has already bounced off the 0.618 fib level, there is a possibility that price can push up a bit more towards 1.415-1.42 price zone,
where there is a recent history of strong reaction.
will be looking for a strong sell at this level, though a break above and i will be looking for a retest to buy.
Although price has already bounced off the 0.618 fib level, there is a possibility that price can push up a bit more towards 1.415-1.42 price zone,
where there is a recent history of strong reaction.
will be looking for a strong sell at this level, though a break above and i will be looking for a retest to buy.
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