USDCAD is approaching our 1st resistance at 1.28718, in line with our 38.2% fibonacci retracement and 78.6% fib extension , where we could see a potential reversal towards our first support target where the 61.8% fib retracement is. Stochastics is also signaling that the price could reverse further from recent resistance 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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