USD/CAD OVERSOLD - Short Term Reversal Ahead?
USD/CAD formed a Pin Bar after being pushed lower early in the trading day before quickly wiping gains and closing near its open.
Prices reversed at key weekly support levels around 1.21250's area (0.236 fib level), forming a prominent pin bar. If prices close above 1.22553 (resistance) a move higher can be expected next week with a retest of key resistance levels near 1.23600.
Prices reversed at key weekly support levels around 1.21250's area (0.236 fib level), forming a prominent pin bar. If prices close above 1.22553 (resistance) a move higher can be expected next week with a retest of key resistance levels near 1.23600.
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