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.
This content is for informational purposes only and is not intended to be investing advice.
