94.5 starting to look like real support turned resistance. Past 2 weekly Fib pivots have been respected (94.4) and monthly pivot also respected as shown. Monthly S1 also held but downtrend is still valid here, until channel break.
Oil also showing potential bearish flag/bearish Gartley which could help the bearish movement on CAD, as long as flag doesn't break upwards and continue to make a higher high. USDCAD is still keeping its range, showing CAD ultimately fighting but hasn't managed a downward break yet.
Oil also showing potential bearish flag/bearish Gartley which could help the bearish movement on CAD, as long as flag doesn't break upwards and continue to make a higher high. USDCAD is still keeping its range, showing CAD ultimately fighting but hasn't managed a downward break yet.
Comment:
Couldn't close above pivot, tackling S1 again and a lot of accumulation going on.