CAD rose extremely fast during february, almost four percent.
This means that we can probably expect a pull back, because a double top pattern is forming.
This pullback can go as far as the .618 level of Fibonacci in my opinion.
The overbought currency is showed on the weekly RSI and also on Stochastic.
Short till around 0.70500 is probably the way to go for me.
This means that we can probably expect a pull back, because a double top pattern is forming.
This pullback can go as far as the .618 level of Fibonacci in my opinion.
The overbought currency is showed on the weekly RSI and also on Stochastic.
Short till around 0.70500 is probably the way to go for me.