USDCAD facing bearish pressure, potential for more downside!

21 thg 4, 2021

Prices are facing bearish pressure from 1st resistance from horizontal swing high resistance which is in line with 161.8% Fibonacci retracement and 127.2% Fibonacci extension. Prices might push down towards 1st support which is in line with horizontal pullback support which is in line with 127.2% Fibonacci extension and 61.8% Fibonacci retracement. If prices push up higher, prices might take resistance from horizontal swing high resistance which coincides with 127.2% Fibonacci retracement and 161.8% Fibonacci extension. Stochastics is facing resistance from 87.95 level, potential for push down in prices.