Smoothieopath

USDCAD - retracement time, then possible fall

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
158 views
11
We are currently at the fib retracement level 38.2% which coincides with previous supp/res, circled. THe price has moved down almost 200 pips and is oversold. We could be seeing a retracement to 1.29 - 1.3, after which it could go down to the white TL. So for now we're bullish .

Comments

indicators oversold as hell too
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