USD/CAD: The monthly Fibs are in an up ABCD swing with the D
Analyst
April 3, 2020 08:49 AM
BEARISH
Daily Trading Range:
USD/CAD:
The monthly Fibs are in an up ABCD swing with the D extension +720 pips away. The Weekly Fibonacci D extension has been hit suggesting that price is overbought. I am refraining from buying.
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Daily Chart
Daily Support and Resistance
| Resistance 3: | 1.5200 |
| Resistance 2: | 1.5000 |
| Resistance 1: | 1.4800 |
| Current Price | 1.4134 |
| Support 1: | 1.3000 |
| Support 2: | 1.2800 |
| Support 3: | 1.2500 |
Two Hour Chart
