USDCAD – coming into Demand (Support)

Click here to view chart.
– USDCAD is coming into a demand zone (support) set around end of Oct 2011.
– The levels also confluence with 61.8% Fib Retrace of AB & 161.8% Fib Extn of ab.
– The pair has a strong -ve correlation with AUDUSD – the latter happens to be coming into a supply zone (resistance), although those levels have been tested earlier so not as strong.
This entry was posted in Fibonacci, Forex, Misc. Setups, Support (Demand) - Resistance (Supply), USDCAD. Bookmark the permalink.

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