USDCAD is going up after the negative usd news...go figure. Perhaps the news was not as negative as expected and was therefore deemed positive?
It has retraced up to the 89ema on the 5 min...exactly as it did on the first drop...also on it's second attempt.
The very negative CBI accounts for the drop of the GJ I suppose.
My understanding is that those fib numbers are to be put on your chart as moving average lines.