USDCAD was on bullish trend from last week, but we can see a consolidation from last 2 days
the question is " is this the end of shot bullish trend"
so here is what i think
from last few days it has been resting on weekly pivot and testing its support and below that is the fibo 50 Percent support in any chance if it breaks the pivot i might end up hitting fibo 50.
fibo 50 being a strong resistance one no will act as a good support and will push the price higher to targets
1.3835, (extensive target)1.4160
in alternate scenario price breaks below fibo 50 (1.3572) lower tragets are 1.3460 , 1.3309
Happy Trading
the question is " is this the end of shot bullish trend"
so here is what i think
from last few days it has been resting on weekly pivot and testing its support and below that is the fibo 50 Percent support in any chance if it breaks the pivot i might end up hitting fibo 50.
fibo 50 being a strong resistance one no will act as a good support and will push the price higher to targets
1.3835, (extensive target)1.4160
in alternate scenario price breaks below fibo 50 (1.3572) lower tragets are 1.3460 , 1.3309
Happy Trading