Mulakan
Investroy

USD/CAD: correctional move needed before possible further drop

Panjang
Dolar A.S. / Dolar Kanada (FX:USDCAD)  
Investroy  
FX:USDCAD   Dolar A.S. / Dolar Kanada
Support and Resistance Supply and Demand Fibonacci USDCAD Fibonacci Retracement priceaction Technical Analysis forextrading investroy
19
15
supportandresistance supplyanddemand fibonacci usdcad fibonacciretracement priceaction technicalanalysis forextrading investroy
As it can be inferred from the graphical illustration, the price of USD/CAD has been dropping for a while. After a strong impulsive move, a correctional move is needed. The price is currently sitting at an area of crucial historical support. We are expecting for the price to consolidate for a bit, form a nice bottom, and keep rising in the short term. The target will be set at 1.267 level of resistance that perfectly lines up with 50% Fibonacci retracement level.

Happy trading, everyone!
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.