USD/CAD Price Analysis: Bears have eyes on 61.8% golden ratio By ross_burland USDCAD Technical Analysis
tant area and the price is now offering a discount on a restest of what would be expected now act as resistance.The double bottom lows have resulted in the bullish impulse of late which ran into old support that acted as resistance. Now, the price is en route to significant Fibonacci retracement levels where a deep correction to the W-formation's neckline near 1.2550 would be expected to hold initial tests.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Price Analysis: GBP/USD profit taking in play as US dollar stallsAs per the prior analysis, GBP/USD Price Analysis: Bears eye a trip to 1.3450 as per weekly chart, cable has indeed move din on the target area as fol
Read more »
USD/CAD Price Analysis: Bulls looking for a discount from an hourly correction, eye 1.2720The price of USD/CAD has corrected back to test the 50% mean reversion mark and is decelerating. This leaves prospects of a bullish continuation on th
Read more »
Gold Price Forecast: XAU/USD steady around $1838 despite broad USD strengthGold Price Forecast: XAU/USD steady around $1838 despite broad USD strength By christianborjon Gold XAUUSD Macroeconomics Technical Analysis Sentiment
Read more »
USD/CAD dips back from session highs in 1.2660s to flat with traders reluctant to sell loonie pre-BoCUSD/CAD has dropped back from earlier session highs in the 1.2660s to the 1.2640 area, to put it back to trading with Asia Pacific 1.2620-1.2650ish tr
Read more »
Palladium Price Analysis: XPD/USD retreats from two-month top but not out of the woodsPalladium Price Analysis: XPD/USD retreats from two-month top but not out of the woods By anilpanchal7 Palladium Commodities Technical Analysis ChartPatterns SwingTrading
Read more »
GBP/USD Price Analysis: Bounces off multi-week low, shows some resilience below 50% Fibo.GBP/USD Price Analysis: Bounces off multi-week low, shows some resilience below 50% Fibo. By HareshMenghani GBPUSD Technical Analysis Politics Majors Currencies
Read more »