Salzworth

Bearish outlook on USDCAD - 8 February 2023

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FOREXCOM:USDCAD   美元 / 加元
Prices have broken below a key support zone at 1.3380 on the H1 timeframe. A pullback to this level, which is in line with the 50% FIbonacci retracement, could provide the bearish acceleration to the next support zone at 1.3320, which coincides with the 78.6% Fibonacci retracement. Prices are lying below the Ichimoku Cloud as well, supporting our bearish bias.
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