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simonsays452

62% Retracement met. Watch for potential reversal higher.

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
simonsays452  
FX:USDCAD   U.S. Dollar / Canadian Dollar
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The 62% retracement was hit. Oil is still a sell on this technical bounce and I find the Canadian retail sales numbers very troubling for the Canadian consumer. More to come on that. In the meantime, watch for lower oil and a possible retest of the 62% retracement at 1.4149

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simonsays452
Nothing but a counter-trend rally
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