USDCAD had its opportunity to go long in the downward direction. Now it is ready for the pullback. I like to draw my fibs side by side in each direction to see where they will meet up. It seems as though we have an equivalent fib at 32.8%, 50%, and 61.8%.
If UC breaks 61.8%, it will head to 50%. If UC breaks 50%, it will head to 38.2%.
If UC breaks 61.8%, it will head to 50%. If UC breaks 50%, it will head to 38.2%.