USDCAD facing bullish pressure, potential for more upside!
Prices are facing bullish pressure from horizontal pullback support, in line with -27.2% Fibonacci retracement and 100% Fibonacci extension. Prices might push up towards 1st resistance which is in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension. If prices push down, it might possibly take support on horizontal swing low support in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement. EMA is also below prices, showing bullish pressure for prices.
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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