USDCAD is approaching our upside confirmation at 1.2931, in line with our 50% fibonacci retracement and 100% fib extension , where we could see a potential bounce towards our first resistance target if price breaks above this key level. Ichimoku is also signaling that the price could bounce further from current level.
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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