Hello all,
Today's Forex tip will be on USD/CAD pair.
I used one-day timeframe in my chart.
First, you can see three unsuccessful attempts of the price to cross above 200MA in yellow color.
Second, the trend line in green color was broken.
Finally, using Fibunacci correction you can say that the price will go down to 38.20% level. That makes difference about 0.01$.
The market is open Monday so keep in mind.
You can find my other forex tips with tag #forextips.
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