Τρίτη 23 Φεβρουαρίου 2016

Technical Analysis USD/CAD

Pair is still in downtrend as EMA200 on daily and 1hr is pointing down. There is good resistance and 1.3735 and currently indicators are at overbought level, stochastic mainly. I think it is a retracement from low 1.3660 and using fibs it is at 0.618 retracement from swing high at 1.3776 and swing low at 1.3660.

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