CURRENT FATE OF USDCAD🤔📉

YO! Traders. USDCAD broke an ascending trendline that already had 3 touches and couldn't make the fourth touch due to trendline weakness, Price also broke a support area of 1.26300.
Currently, the price is coming for a retest of broken support structure around a level of 1.26300, A Fibonacci retracement tool was used to back up the confluence resting on the broken support level of 1.26300 and having 50% fibs resting on the same level.





WHAT TO POSSIBLY EXPECT

1. A BEARISH CANDLESTICK REJECTION ON THE 1.26300 LEVEL.
2. 50% FIBONACCI REJECTION ON THE BROKEN SUPPORT AREA
3. A POSSIBLE RETEST ON THE BROKEN TRENDLINE



RUFF NOTES: ALWAYS REACT TO WHAT YOU SEE

KINDLY COMMENT YOUR THOUGHTS BELOW👇👇👇👇