USD/CAD Price Analysis: Bulls looking for a discount from an hourly correction, eye 1.2720 By ross_burland USDCAD Technical Analysis
The bulls would target the 1.2720s as being a -0.272% bullish Fibo extension target that aligns with the prior resistance structure as per the dailyThe W-formation is a reversion pattern and the price, after filling the wick of yesterday's business with some change, would be expected to revert back to test the neckline of the 'W' pattern. This would align with a 61.8% golden ratio as well near to 1.2560.
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