USDCAD is facing resistance from 1.23134 level which is in line with 50% FIbonacci retracement and 100% Fibonacci extension. Prices might push down towards 1st support in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. If prices push up, prices might face resistance from 2ns resistance in line with 50% Fibonacci retracement. 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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