USD/CAD Price Analysis: Bears have eyes on 61.8% golden ratio By ross_burland USDCAD Technical Analysis
tant area and the price is now offering a discount on a restest of what would be expected now act as resistance.The double bottom lows have resulted in the bullish impulse of late which ran into old support that acted as resistance. Now, the price is en route to significant Fibonacci retracement levels where a deep correction to the W-formation's neckline near 1.2550 would be expected to hold initial tests.
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