🍁USD/CAD Continuation of Declines 🍁

🍁USD/CAD Continuation of Declines

🍁 Nearest strong support zone: around the fibo level of the 0.618 wave from the bottom to the local peak.

🍁 Nearest strong resistance zone: around the 0.382 level of the same wave.

🍁 Technical environment:
- Moving averages: Downtrend
- MACD: Downtrend
- RSI: Downtrend

🍁 Price action: after yesterday's price rise near the recent current highs, we scored a very quick decline today due to the strengthening of the Canadian dollar. Looking at the dynamics of the downward movement, another attempt to attack north seems very unlikely.

🍁 The scenario I'm playing out is a continuation of declines to the vicinity of the support zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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