Tom_Killick

#USDCAD: Bears In With Steam, Bulls Swiped! #Forex

FX:USDCAD   U.S. Dollar/Canadian Dollar
113 0 5
Traders,

A little update, price has moved very well since I last posted this pair as an analysis (See related ideas). Rounded top at previous horizontal resistance, and at long term Fibonacci retracement of previous bearish impulse leg showing a gradual shift of demand from bulls to bears in the rounded top, right at what is considered a strong resistance. Looks good for downside. With Crude Oil             -0.28% suddenly rallying a move down from here does seem extremely likely.
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