Trend change for USDCAD

04 august 2021 94
Konstantin_Kochkin
Konstantin_Kochkin

Listed among the best MarketCheese authors
2nd in the segment "Crypto"
3rd in the segment "Metals"
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For over a year, the pair had been going down. Sometimes slowly, sometimes quickly

But at the end of this June, the trend line was crossed and tested from the opposite side after which USDCAD has been aiming upwards.

According to Fibonacci, the mark of 1.3 corresponds to the level of 38.2% which the pair is most likely to achieve by the end of September. 

Konstantin_Kochkin
Konstantin_Kochkin

Listed among the best MarketCheese authors
2nd in the segment "Crypto"
3rd in the segment "Metals"
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