FX:USDCAD   U.S. Dollar / Canadian Dollar
98 2 0
This pair has been annoying me for quite some time. I was expecting higher values, when we were around 1.1029 (@ the 38.2 fib) and then it sold off aggressively only to stabilize again and as far as I am concerned, it stabilized in the middle of nowhere. Also, I'd like to point out these two failed breakouts, which created two very similar (almost equal) zones, if I may say so. I'm not sure if these zones hold any significant importance but I cannot ignore the fact that they are there.
I am looking for two things - either we break to the lower "zone" or we will go higher to test the 61.8 fib area. Right now, I'd say it is 50/50.
I agree, this pair has been very frustrating to read!!
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true, and as far as I am concrned, this move to the downside didn't bring any clarity into this pair. So, staying away from this it at the moment.
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