USDCAD - in descent for 11 weeks, time to go long?

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With oil prices rebounding flow towards commodity currencies was evident. While guessing Crude oil tops is pointless, after 11 weeks and more than 11 % appreciation loonie might be at a resting point.

The Canadian government is to anounce its fiscal stimulus, I believe most positive factors are already priced in, hence I am trying to go long at the weekly 61.8% fib retracement level, trying to get around 3% nominal move.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.