USDCAD retracement before turning

2020-01-25 12:17:57

USDCAD has some confluence lining up. We are anticipating price to head to the 1.30850 region to kiss the 50 day MA. this is also the Golden ratio from the previous bullish implusive leg. Looking to enter at the 78% retaracement at tthe 1.31560 zone or recent resistance line for a short to our targets.