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Smoothieopath

USDCAD - retracement time, then possible fall

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Smoothieopath  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Chart Patterns
11
1
chartpattern
We are currently at the fib retracement level 38.2% which coincides with previous supp/res, circled. THe price has moved down almost 200 pips and is oversold. We could be seeing a retracement to 1.29 - 1.3, after which it could go down to the white TL. So for now we're bullish.
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