USDCAD D1 Short Term Long

22 juni 2019We have seen that the pair has been moving up since 30th January 2019. This, however, was a corrective bullish move as the pair sets itself up for a bearish impulsive move which we started on 30th May 2019. From there we have had a strong bearish movement, which as it stands is the overall direction of the market, but for the short run we will retrace up until around 1.33000 so that the market breathes before continues to lower levels. levels 1.33000 mark the 0.61 Fibonacci Retracement levels.