Dukas community,

Here is my view about USD/CAD. Cross mark: 1.3032

Key point:
Support and Fibonacci Retracment (61,8%): 1.2995

Lets see on chart below:


We have a double top at 1.3250 and an expected down. Now price is facing a new challenge: cross the important barrier of 1.3000. If it happen consistently then next movement is 1.29500, the strong upside longitudinal line. But I dont think it will be such strengh.

Forecast: Upside (from now or close to Fibonacci Retracement (61,8%) price)
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