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QDX_Nickwhitley

USDCAD 8/10/2019 Analysis

U.S. Dollar / Canadian Dollar (FOREXCOM:USDCAD)  
QDX_Nickwhitley  
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis
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trendanalysis
From current price we can either see a move down or a move up.

Price has retraced to the .618 Fib level of the recent bearish move. This can easily be just a pullback before a continuation of the downtrend.

But the downtrend is not a strong trend, due to this we can easily see a move up to meet with the last swing high.
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