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USDCAD Struggles Near Horizontal Support

Discussion in 'Technical Analysis' started by Kaitlin, Feb 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Although USDCAD's inability to surpass the 1.4700 mark dragged it down to test the lowest level in more than two months, 1.3640-30 horizontal support area, including 38.2% Fibonacci Retracement of its May 2015 – January 2016 upside, keep holding the pair's further downside captive, signaling a bounce to immediate descending[​IMG]

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