UsdCad Correction underway?

BOC kept interest rates unchanged taking a neutral stance on montery policy. After +500 pip decline P/A is finding support around the (1.31830) level with that being said typical corrections can last 50%-100% in time and 38%-78% price for a nice intra day (long) counter trend trade (300) pips, keep a eye on oil prices!

Kommentera:

P/A Tagged the 38 fib level slightly outside the boxed area