By Randolph Donney — Apr 12 - 04:05 PM
USD/CAD slides back toward April's 1.34065 low, just above the 200-DMA
Also 100%-Fibo projected prop at 1.3401 off 1.3860-361 March 10-23 drop
A close below 1.3400 would open the way for retesting 2023's 1.32635 low
That low also by the 161.8% Fibo off March's 10 trend high, at 1.3260
Secondary target is Nov's 1.3226 low 7 38.2% of 2021-22 rise at 1.3224
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary