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    USD/CAD: Fibonacci analysis on 12.11.2015

    A downward correction is possible.

    On the 4-hour chart, the price is moving towards November highs at the level of 1.3310 (0.0% correction), the breakout of which leads to a growth to 1.3415 (0.0% correction for the medium-term trend). If the price reverses and breaks down the level of 1.3267, a correction to 1.3236 and 1.3200 (23.6% correction for the short-term trend) should be expected.

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