USD/CAD: Fibonacci Estimates Two Targets Of 1.3433 And 1.3634 – BofAML

The Canadian Dollar is on the back foot due to Trump’s tariffs and worsening relations. How low can it go? Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch discusses USD/CAD technical outlook and flags an impulsive bullish setup suggest further USD/CAD rallies. “Looking back over the medium term, five waves higher during 2011-2016 […]

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