USDCAD SELLING OPPORTUNITIESIn February, price has shown a large rejection at 1.48000 phycology level.
The last time we see price at this level was in March 1, 2000. We see this on the monthly time frame.. We also see some sort of bearish retracement to 61.8% Fibonacci level. If this level holds on weekly that means a new bearish move have started for USDCAD and this will be the first Lower lower.. for this new week, one will need to watch price actions on the lower timeframes(h4,h1) for bearish confirmations for shorting opportunities.
however, we are also open to buying opportunities back to 1.48000, should price fail to break 1.43000 phycological level and start giving us more higher highs..