USDCAD facing bullish pressure, potential for more upside!

14 Nis 2021

Prices are facing bullish pressure from horizontal swing low support which is in line with 100% FIbonacci extension and 78.6% Fibonacci retracement. Prices might push up to 1st resistance which is a horizontal swing high resistance in line with 127.2% FIbonacci retracement and 100% Fibonacci extension. If prices push down further, prices might take support from swing low support in line with 50% FIbonacci extension and 61.8% FIbonacci retracement. Stochastics is also approaching 4.18 level, potential for bounce.