50 fib bounce indicates bullish continuation in USDCAD

The bearish move appears to be over in USDCAD, with the 50 fib level proving to be a major support level for the pair. As you can see on the chart below, there was strong buying when the price action fell back towards 1.0077, the 50 fib level. This is very bullish as it suggests there were a lot …

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50 fib bounce indicates bullish continuation in USDCAD

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