USDCAD is facing support from 1st support level in line with horizontal swing low support in line with 78.6% Fibonacci extension. Prices might push up towards 1st resistance in line with horizontal pullback resistance in line with 50% Fibonacci retracement and 127.2%. If prices push down further, prices might face support from -27.2% Fibonacci retracement and 127.2% Fibonacci extension. Ichimoku cloud is also above prices, showing a bearish 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
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