USD/CAD – key levels to watch out for on the downwside

The pair has breached Aug 2016 low of 1.2764, which will not act as a resistance. On the downside, the key levels to watch out for are –

  • 1.2672 (38.2% Fibonacci retracement of the rally from July 2011 low to Jan 2016 high)
  • 1.26544 (June 2016 low)
  • 1.2461 (Apr 2016 low)

USDCAD W1 (07-12-2017 2152).png

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