USDCAD trading in consolidation range before expansion (WEEK 3)
USDCAD
CONT:
from the last swing high on the D1. price got to a point where it has to fill the void created by the pair USDCAD . using the fibonacci retracement price has currently filled the void,and traded below discount its currently trading in a consolidation zone at equilibruim from (1.34775 - 1.37211)
so we either anticipate an expansion upwards to test the previous support turns resistance or an expansion downward to test the lower low i.e the next support zone
pending on the expansion. there is smart money in the consolidation range if it continues. before the market makers decide .
CONT:
from the last swing high on the D1. price got to a point where it has to fill the void created by the pair USDCAD . using the fibonacci retracement price has currently filled the void,and traded below discount its currently trading in a consolidation zone at equilibruim from (1.34775 - 1.37211)
so we either anticipate an expansion upwards to test the previous support turns resistance or an expansion downward to test the lower low i.e the next support zone
pending on the expansion. there is smart money in the consolidation range if it continues. before the market makers decide .