USD/CAD: Possible Pullback to 61.8% Fibonacci Level
Diupdate
Over the past few hours, the USD/CAD currency pair experienced a significant downward movement in line with the prevailing trend, following the release of yesterday's news. Today, the price is attempting to rebound after hitting a low of approximately 1.34. Our analysis suggests that there may be a pullback towards the 61.8% Fibonacci level before resuming the downward movement in line with the main trend.
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