The problem with CAD do you feel the rate hike will push the currency even more up? It has literally went up 6/7% in one month
KathysTheStockGal
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@Jamal92, it will go higher however. i trade price action so it really irrelevant why its going up. what it does matter is we had a almost 900 pips move and NO PULL BACKS.
so next major resistance is best and only Option for pull back to next Fib level 0.382 which sits around MA 20. which is on major support.
so reasons are there just have to trade right strategy.
Jamal92
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@apple22, Thank you so much for sharing your perspective. I am currently using my phone and I cant see where price is at for fib level 0.382. I am hoping its atleast around 84.5/85.00. Where is it placed?