USDCAD - CORRECTION TO 38.2%?
Price as recently broking the ceiling (resistance) and looks like there is a correction happening to the 38.2% retracement which is also in line with upper trendline and the 100MA (red line)
At this point USD is STRONG with all time high stocks and CAD is weak with the oil prices rapidly declining!
**Fundamentals**
Care we still have big news from US on Friday, non farm payroll.. this could completely change the bias.
Trade with care guys, let me know what you think.
Many thanks!
-L
At this point USD is STRONG with all time high stocks and CAD is weak with the oil prices rapidly declining!
**Fundamentals**
Care we still have big news from US on Friday, non farm payroll.. this could completely change the bias.
Trade with care guys, let me know what you think.
Many thanks!
-L
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