11021992

USDCAD to the next trendline

FX:USDCAD   U.S. Dollar/Canadian Dollar
Hi all,

The USDCAD             broke the red trendline earlier this week.
I expect a retracement to this trendline, and then a drop from there. Most likely downwards to the blue trendline, which should be a pretty solid entry.
I have marked the price reversal zone, which has the 61.8 fib, previous resistance and trendline.

Best of luck!

Regards
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