USD/CAD reacted very well to the formation 'Head and Shoulders'. 1.1571 is 200% fib measurement of the low of the right shoulder and the high of the high shoulder. Also to keep in mind we have a 0.618% fib very close (fib of the 2011 low and 2009 high). On the other hand, to give us even more support of this zone, we have a very clear trend line (blue line) which we can see a nice reaction from it.
So, lets see what happens when we get there, keep this levels in mind and we might correct from it.
So, lets see what happens when we get there, keep this levels in mind and we might correct from it.
