USDCAD facing bearish pressure, potential for more downside!
USDCAD is facing bearish pressure from its 1st resistance at 1.26143, in line with 78.6% fib retracement, 100% fibonacci extension and horizontal swing high resistance. We could see a further drop below this level towards 1st support where the 61.8% fibonacci extension and horizontal swing low support is. Ichimoku cloud is also suggesting that prices could drop.
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