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USDCAD completing it daily fib!
U.S. Dollar / Canadian Dollar
Short
USDCAD completing it daily fib!
By FTUKcom
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May 5, 2021
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7
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Prior chart:
USD/CAD retreats through 1.2300 compared to just over 1.2350 at one stage yesterday.
However, 1.1 bn option expiries at the round number could well keep the Loonie in check short term.
Overall the Target is 1.2250, and a break beyond this could send USD/CAD a further 100 pips down.
Bearish Patterns
CAD
Chart Patterns
dollar
Fibonacci
Trend Analysis
USDCAD
FTUKcom
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