USDCAD on its way to 1 .12080 ?
Lots of downwards momentum in USDCAD lately thats make me sell every retracement to the upsite.
Importent levels to watch are the following.
First targets to the downsite would be 1.25374 ( 38.2 fib monthly retracement level ) to 1.2460 and1.2360 wich is the 200SMA on the weekly chart, a break of these levels and 1.2000 to 1.18727 comes in to play.
Also watch the longterm trendline. The 200 SMA on the monthly is around 1.2060 a break of this and even 1.12080 wich is the 61.8 fib retracement level on the monthly chart is a target to the downsite.
So lets enjoy the ride down and make some money.
