USD-CAD Finding Resistance withing an area of Past Resistance?
U.S. Dollar/Canadian Dollar FX:USDCAD
https://www.tradingview.com/x/YPkhU6C4/
The pair seem to have found some resistance within the area marked with red arrows on the chart, with a Fib 38.2 deep retracement resistance providing a confluence of factors. DXY is struggling to keep going up. If the current resistance holds and they decide not to go and test Fib 23.6, then we have been given a trade where price has closed below our trend line . Fist port of call for our target is Fib 100 shown on the chart. Hope this little helps and happy trading at all times. Thank you.