USDCAD facing bullish pressure pressure from 1st support!
USDCAD is facing bullish pressure from our first support, in line with the 78% fib extension , where we could see a further bounce towards 1st resistance. Although the longer-term direction is still bearish as the trendline and IChimoku indicate, we could see limited pushup towards our 1st resistance before a reversal. Stochastics is also indicating bullish momentum.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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