Hello Everyone,
As we can observe on the monthly chart of the USD/CAD,
we can clearly see that after a strong upward movement,
price found resistance on a Double Top, pulled back and
is currently correcting to the downside.
We are expecting the price to reach approximately the
1.2050 price level, where we have a 50.0% Fibonacci
retracement level, a strong support point, as well as
the 200 Moving Average.
As we can observe on the monthly chart of the USD/CAD,
we can clearly see that after a strong upward movement,
price found resistance on a Double Top, pulled back and
is currently correcting to the downside.
We are expecting the price to reach approximately the
1.2050 price level, where we have a 50.0% Fibonacci
retracement level, a strong support point, as well as
the 200 Moving Average.