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USD/CAD nears 61.8% retracement of the Brexit rally

Discussion in 'Technical Analysis' started by ForexLive, Jul 4, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    USD/CAD technical analysis The commodity currencies are the top performers today and that's pushed USD/CAD down 50 pips to 1.2862. The pair has been in a steady downtrend since rising over 1.31 last Monday. The declines continues to eat into the Brexit rally and now the 61.8% retracement at 1.2847 is under threat.

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