USDCAD facing bullish pressure, potential for more upside!
USDCAD is facing bullish pressure from 1st support level which coincides with a 50% fibonacci extension. Prices might bounce towards 1st resistance which coincides with 61.8% fibonacci extension and 61.8% fibonacci retracement. If prices fall through 1st support, prices might reach 2nd support which coincides with -27% fibonacci retracement and 100% fibonacci extension. Stochastics is also reaching 6.02 support 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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