USD/CAD Long-Term

21 thg 4, 2017

From a long-term outlook, USD/CAD is bound to fall as price has broken the last major swing, and is currently in a retracement for the upcoming down-trend. Price should fall around the current level or push higher towards the .618 retracement at 1.38812 (Weekly resistance) and then fall down towards targets of 1.18500 and 1.10500. Also, keep in mind that a trendline break will further add confluence to the downside move.