Fibonacci is one of the most complex things for some new traders and I am here to simplify it for you because it's a Japanese indicator that uses a lot of levels to tell you that in that level there is a lot of volume and float. I am bearish on the Canadian dollar (CAD) because the Canadian economy is stronger than the US economy because it's tanking because of higher inflation and many other factors. The loonie is a better currency in recession because the Canadian Central Bank (CCB) has a better monetary policy than many European nations, they copied it from the Swiss.
註釋
I have another resistance level
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