USDCAD: The Loonie put in a bearish Shooting Star candlestick below 1.06.
This is hinting that a pullback is possibly ahead.
Deeply overbought RSI studies reinforce the case for a bearish scenario.
Initial support is at 1.0362. This is the 23.6% Fibonacci retracement level. I maintain a broadly bullish outlook on the pair.
Posted by David Frank, Avafx