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USDCAD Setup

U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
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OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns USDCAD Currencies
6
2
trendanalysis chartpattern usdcad currencies
USDCAD is although moving in a HH HL formation. But now reached 61.8% of this rally. now considering this as a strong resistance zone we could expect a retracement towards a 38% level at 1.2500. But if bulls are in the driving seat they can cross the upside hurdle and will move the price towards 1.2750. Good Luck!
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