USDCAD facing bearish pressure, potential for more downside!
USDCAD is facing bearish pressure from 1st resistance which is in line with 61.8% fibonacci retracement and 100% fibonacci extension. Prices might push down towards 1st support which is line with 100% fibonacci extension and 127.2% fibonacci retracement. Stochastics is also showing resistance from the 83.84 level.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Feragatname
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