USD/CAD Technical Analysis comments :
A high volatility appeared on the pair USD/CAD which has tested the fibonacci retracement 23.60% at 0.9951, breaking the bearish slant and the resistance at 0.99. Then, this movement has been fully filled in and the pair got back below 0.99, giving us a sell signal. We maintain to trade only short positions as far as this level is resistance. The breakout of 0.9850 will give a new sell signal. However, if 0.99 is broken, we will be neutral.
Join the Discussion