USDCAD double bottom monthly

٨ مارس ٢٠٢٣

Looks like consolidation around the 0.618 after impuse from 2011-2016 out of the second bottom. Getting ready for a breakout to the upside. Targets at least to Fib 1.272 would be a gain of ~12%. Increase in USDCAD is consistent with continued increases in Fed interest rates and geopolitical instability. TP1: 1.54386, TP2: 1.58196, nice position trade