USDCAD hit resistance line Friday, 13th and could not break it, also hits 0.7 Fib level unsuccessfully if we consider the last max and mins.
It has been in a downward trend since the beginning of the year. In the beginning of May it hit 0.2 Fib (long term Fib), but unsuccesfully, there is also strong structure at that level, so next move is down since it couldn't reverse into a bullish trend.
Good luck!
It has been in a downward trend since the beginning of the year. In the beginning of May it hit 0.2 Fib (long term Fib), but unsuccesfully, there is also strong structure at that level, so next move is down since it couldn't reverse into a bullish trend.
Good luck!