USDCAD is currently making a correction move back to the bearish trendline. We are patiently waiting for a bearish pattern to form after price has just hit the 0.786 Fibonacci level. If price continues this push up past 0.786 we may need to step away from our short bias and watch the movement unfold.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.