Here is my view on USDCAD for the last week, and forecast from now on!
- After testing more then once our support lines (both white lines), they broke for down. Creating a new support level, around 1.3138 (yellow line). The ideal was to open a short position on the 50% Fibo, where the big blue arrow is set. But this already passed,...
Here is my first publish!
In my oppinion this par will continue to follow the previous pattern, leaving us with some opportunity to do some profit. If now passes our resistence (yellow line) i strongly believe that it goes to touch our uper trend line.
I will continue updating, let's wait now and see if it passes our 1st resistence level.