USDCAD facing bullish pressure, potential for more upside!
Prices are facing bullish pressure from 1st support which is in line with horizontal swing low support and 100% Fibonacci extension. Prices might push up towards 1st resistance which is in line with 127.2% Fibonacci retracement and 78.6% FIbonacci extension. If prices fall through 1st support, prices might take support from 2nd support which is horizontal swing low support in line with 127.2% Fibonacci retracement and 61.8% FIbonacci retracement. Stochastics is also approaching 3.62 support level, potential for a bounce.
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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