USDCAD is rejected from the upside resistance

USDCAD is rejected from 1.3700

 

USDCAD is rejected from 1.3700 upside resistance which is also a 61.8% Fibonacci retracement of the latest swing down. A break below 1.3500 is now important for the downside reversal and a continuation lower to 1.3100 which is the most significant downside resistance.

Note: look for the short trades with a stop loss above 1.3650 

 

 

 

 

 

“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn

 

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