My Thoughts on USD/CAD

In my analysis of USD/CAD. This currency pair is moving Bearishly on the Daily Chart. Currently retracing at price $1.22862. I forecast that the pair will receive the next lower low at $1.2200. I used the Fibonacci and the 50 MA to analysis the charts. USDCAD
50smaFibonacci RetracementTrend AnalysisUSDCAD

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