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Wednesday, May 05, 2021

USDCAD completing it daily fib!

USDCAD completing it daily fib!

Prior chart:

snapshot

USD/CAD retreats through 1.2300 compared to just over 1.2350 at one stage yesterday.

However, 1.1 bn option expiries at the round number could well keep the Loonie in check short term.

Overall the Target is 1.2250, and a break beyond this could send USD/CAD a further 100 pips down.

from TradingView Ideas https://ift.tt/3ehQKVg
via gqrds

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