USD/CAD Price Analysis: Bulls are holding the fort at daily support

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USD/CAD Price Analysis: Bulls are holding the fort at daily support
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USD/CAD Price Analysis: Bulls are holding the fort at daily support By ross_burland USDCAD Technical Analysis

The 61.8% golden ratio is in view near 1.2650., USD/CAD Price Analysis: Bears have eyes on 61.8% golden ratio, the bears sank their teeth into the bullish rally and hit the 61.8% target. Since then, the bears gave way to the bulls and a fresh corrective high has been scored. This leaves prospects for a fresh surge to the upside depending on a number of conditions, as illustrated in the analysis below. The W-formation's neckline near the 61.

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