FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD made a good progression till it showed us Head and Shoulders formation till MAY and it touched its Fibbo %61.8 band. And touched trough 1.25 band and its one of the MAJOR Resistances for USDCAD . It will show us where to go now. 1st it can test the trend line which tried couple times before and rejected. It might see 1.2440band as we see fibbo %-27 band. 2nd idea about it takes long term position. USDCAD might test trend and breaks down first. After its bounce it might change its way to long and test fibbo 0 band where it came before 1.2640 band.

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