Technical analysis of USD/CAD For Aug 08, 2018

If we look at the Daily Charts at the USD/CAD pair, we will see the Bearish Harmonic Gartley 222 Pattern. Now Loonie started going down to fullfill its Target Projection 1 at the Fibonacci Retrachement 38.2% from A-D at 1.2882 as long as this pair does not break out and close above the 1.3385, Loonie have a chance to catch the Target Projection 2 at Fibonacci Retrachement 61.8% from A-D at 1.2571.

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