USDCAD is facing bearish pressure from our first resistance, in line with our 61.8% fibonacci retracement and horizontal swing high, where we could see a further drop to our first support target where the 61.8% fib extension is. Stochastics is also signaling that price could make a limited pushup towards our 1st resistance before a reversal.
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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