USD/CAD’s extended decline last week indicates short term topping at 1.4298 after rejection by 1.4290 fibonacci level. Initial bias remains on the downside this week for 38.2% retracement of 1.3730 to 1.4298 at 1.4081. On the upside, above 1.4195 minor resistance will turn intraday bias neutral first. In the bigger picture, focus remains on 61.8% […]
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