USD/CAD Short on Trend Continuation
USD/CAD is following FIB levels nicely on the downfall. Retracement to .382 @1.29486 indicated trend continuation to the downside. A pullback to .618 on smaller timeframes is underway (@1.28936).
Looking at the general trend, and with considerable resistance @1.29, the pair is expected to continue falling from this point.
Target is the 1.27697 to 1.27924 area, which represent, respectively, the .618 extension of the downfall from Mar 19th, and the .382 FIB on the daily timeframe.
Looking at the general trend, and with considerable resistance @1.29, the pair is expected to continue falling from this point.
Target is the 1.27697 to 1.27924 area, which represent, respectively, the .618 extension of the downfall from Mar 19th, and the .382 FIB on the daily timeframe.
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Didn't like the looks of that bullish candle :)
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