mikebod

USD/CAD near-term targets

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Based on my previous, long-term chart, I would expect a retracement of the steep drop over the last two months to at least the 33% Fib retracement (~1.2900). However, given the political turmaoil that has driven this drop, I am placing a close MANUAL stop to a close below 1.2300.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.