Technical Analysis – USDCAD needs to hold above 61.8% Fibo to be bullish in short term
USDCAD looks to be creating a floor below the eight-month high of 1.3463 and near the 61.8% Fibonacci retracement level of the down leg from 1.3664 to 1.2950 at 1.3390. Furthermore, the price remains well above the penetrated falling trend line, signaling more upside pressure in the short-term. The technical indicators seem to be losing […]
