Bears have entered the building on USDCAD
Usdcad weekly chart, completed the retracement after a structure break. Price rejected the retest of the level leaving a double top formation. Bears should take full control this week and continue the trend lower. 2 options for where price could move to-
1. price will drop to the 50% - 71% retracement at the very least for equilibrium and look for discount.
2. price will complete the 100 % retracement of the correction around 131.840 area after a pull back
1. price will drop to the 50% - 71% retracement at the very least for equilibrium and look for discount.
2. price will complete the 100 % retracement of the correction around 131.840 area after a pull back