USD/CAD: Risk is to the downside
2020-01-17 15:54:16
USD/CAD has left the mini wedge, after the pair also broke below the multi-year triangle. In addition, the USD/CAD is also trading below 100-WMA and 200-WMA. If the price continue lower, the October 2018 low of $1.2780 is the
next target, while the 61.8% Fibonacci retracement sits at $1.2670.