USD CAD Fibonacci Retracements Analysis

11.02.2022AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, AUDUSD has completed the first correctional wave to the upside after testing 23.6% fibo. The current decline may be heading to break the low at 0.6967 and then continue down to 50.0% fibo at 0.6758. However, as long as ...

04.02.2022AUDUSD, “Australian Dollar vs US Dollar”The daily chart shows a double test of the long-term 38.2% fibo and an update of the low, as well as convergence on MACD. In this case, the pair is expected to start a new rising correction, which may later be followed by a further downtrend towards ...

28.01.2022AUDUSD, “Australian Dollar vs US Dollar”As we can see in the daily chart, having completed the correction, the asset is forming a new wave to the downside and re-testing 38.2%. The downside targets are 50.0% and 61.8% fibo at 0.6758 and 0.6464 respectively. The resistance is the high at 0....

21.01.2022AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, the asset is moving to the downside after finishing the correctional uptrend at 50.0% fibo and divergence on MACD. One can expect another rising impulse towards 61.8% and 76.0% fibo at 0.7340 and 0.7420 but the main sce...

14.01.2022AUDUSD, “Australian Dollar vs US Dollar”As we can see in the daily chart, the asset is still moving to the upside after testing 38.2% fibo and convergence on MACD. This movement should be considered as a short-term ascending correction, which may later be followed by a further downtrend to...

24.12.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the daily chart, after falling and reaching 38.2% fibo, the descending wave has been followed by a new short-term correction. After this pullback is over, AUDUSD may resume trading downwards to reach 50.0% fibo at 0.6758. The key res...

10.12.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, after breaking the low and reaching 38.2% fibo, the descending wave has been followed by a new pullback. After the pullback is over, AUDUSD may resume trading downwards to reach the post-correctional extension area betw...

03.12.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, after breaking the low at 0.7106, AUDUSD is re-testing the long-term 38.2% fibo at 0.7052. The resistance is the local high at 0.7556. Convergence on MACD indicates a possible pullback soon.In the H1 chart, the pair may...

26.11.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, after breaking 76.0% fibo, AUDUSD is approaching the low at 0.7106, a breakout of which will result in a further downtrend to test or to break the long-term 38.2% fibo at 0.7052. The resistance is the local high at 0.75...

19.11.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, AUDUSD has reached 76.0% fibo. Convergence on MACD indicates a possible pullback to the upside soon. After the pullback is over, the pair may resume falling to break the local support at 0.7170 and then reach the low at...

12.11.2021AUDUSD, “Australian Dollar vs US Dollar”On H4, a phase of correctional growth stopped above 50.0%, failing just a bit to reach 61.8% (0.7591) Fibo. Now a new wave of decline is aiming at the last low of 0.7106. After a breakaway, the quotations can head for the medium-term level of 38.2% (...

22.10.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, convergence on MACD made the pair start a new rising wave, which, after reaching 50.0% fibo, was followed by another pullback. After the pullback is over, the asset may resume growing to complete the correctional phase ...

15.10.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, convergence on MACD made the pair start a new rising wave, which is quite stable, to extend the correctional range. The closest target is 50.0% fibo at 0.7499, the next one – 61.8% fibo at 0.7591. The support remains at...

08.10.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, after attempting to fall and reach the low at 0.7106, the asset had to start another growth due to convergence on MACD, which may be considered as a new rising wave within the correctional phase to reach 50.0% and 61.8%...

01.10.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, the asset is moving within the descending tendency to reach the low at 0.7106, a breakout of which may lead to a further downtrend towards mid-term 38.2% and 50.0% fibo at 0.7052 and 0.6758 respectively. At the same tim...

24.09.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, the asset is correcting within the downtrend. Possibly, this pullback may transform into a new rising wave to reach 50.0% and 61.8% fibo at 0.7499 and 0.7591 respectively. However, the main scenario implies a further do...

17.09.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, after growing and reaching 38.2% fibo, AUDUSD is forming a new descending wave that may seem to be heading to break the low at 0.7106 and then reach the mid-term 38.2% fibo at 0.7052. However, this wave should be consid...

10.09.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, the correctional uptrend reached 38.2% fibo and was later followed by a new pullback. After the pullback is over, the asset may continue growing towards 50.0% and 61.8% fibo at 0.7556 and 0.7662 respectively. A breakout...

03.09.2021AUDUSD, “Australian Dollar vs US Dollar”In the daily chart, after attempting to test 38.2% fibo at 0.7052, the asset is correcting upwards to return to 23.6% fibo. After the pullback is over, the asset may continue falling towards 50.0% and 61.8% fibo at 0.6758 and 0.6464 respectively. The...

27.08.2021AUDUSD, “Australian Dollar vs US Dollar”In the daily chart, the downtrend is looking quite stable despite the current correction to the upside, which started after an attempt to test 38.2% at 0.7052. After the pullback is over, the asset may continue trading towards 50.0% and 61.8% fibo at...

20.08.2021AUDUSD, “Australian Dollar vs US Dollar”In the daily chart, the asset is forming a quick descending wave inside the downtrend. After testing 23.6% fibo from below, AUDUSD is approaching 38.2% at 0.7052 and may later continue trading towards 50.0% and 61.8% fibo at 0.6758 and 0.6464 respect...

13.08.2021AUDUSD, "Australian Dollar vs US Dollar"On D1, the market keeps trying to get over 23.6% Fibo and secure below this level. This might mean that the market is confidently entering a bearish phase after lengthy growth and a divergence on the MACD. Further aims of the decline will be 38.2% (0...

06.08.2021AUDUSD, "Australian Dollar vs US Dollar"On D1, we can see the market trying to get over 23.6% Fibo and secure under it. Such a situation might mean that that the market is entering a bearish phase quite confidently after lengthy growth and a divergence on the MACD. Further aims of the decl...

23.07.2021AUDUSD, “Australian Dollar vs US Dollar”In the H4 chart, after breaking 61.8% fibo at 0.7379, the downtrend has failed to reach 76.0% fibo at 0.7236. At the same time, we can see divergence on MACD, which may force the asset to start a pullback to the upside. However, this ascending moveme...

16.07.2021AUDUSD, “Australian Dollar vs US Dollar”In the H4 chart, there is a steady descending movement towards 61.8% fibo at 0.7379. At the same time, we can see divergence on MACD, which may indicate a possible short-term pullback to the upside. In the future, this pullback may be followed by ano...

09.07.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the daily chart, there is a steady descending correctional wave after divergence on MACD, which is testing and trying to break 23.6%% fibo at 0.7415. The next downside targets may be 38.2% and 50.0% fibo at 0.7053 and 0.6757 respecti...

02.07.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the daily chart, there is a new descending correctional wave after a divergence on MACD, is approaching 23.6%% fibo at 0.7415. The next downside targets may be 38.2% and 50.0% fibo at 0.7053 and 0.6757 respectively. The resistance is...

25.06.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the daily chart, there is a new descending correctional wave after a divergence on MACD. After failing to reach 23.6%% fibo at 0.7415, the asset has corrected. The next downside targets may be 38.2% and 50.0% fibo at 0.7052 and 0.675...

18.06.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the daily chart, there is a new descending wave after a divergence on MACD. The current technical pictures may be described as a long-term correction approaching 23.6% fibo at 0.7415. The next downside targets may be 38.2% and 50.0% ...

11.06.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, a convergence on MACD made the pair the correctional downtrend at 61.8% fibo and start a quick rising impulse. In the nearest future, the asset may form a slight pullback and then resume growing to break the high at 0.7...