Market Overview

USD/CAD Technicals – Doji Candle at 50% Fib Retracement hints Bearish Reversal/Pullback

Daily Chart

Doji Candle seen just just around 50% Fib Retracement (from 4th Jun high to 15th Sep low) Support can be found around 38.2% Fib Retracement near 0.995.

Break below 0.995 opens up next support level at 0.99 and 0.975 and ultimately 2012 Low around 0.965.

Next level of resistance above previous swing high of 1.004/5 would be 1.013 around 61.8% Fib.


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