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Nov 29 - 05:55 AM

USD/CAD - Big Dollar Set For A Three-Day Losing Streak Versus The Loonie

By Peter Stoneham  —  Nov 29 - 03:50 AM
  • Big dollar set for a third straight day of losses vs the loonie

  • The 10-day moving average is putting up a fight at 1.3998

  • A close below the average could open up a drop to 1.3928, Nov. 25 low

  • Fibonacci retracement levels also on the bears' radar

  • A 61.8% Fibo of the 1.3817-1.4178 gain is at 1.3955

  • We lean bearish and will look for rebounds to exploit

  • USD/CAD Trading Page TGM2345

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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