USDCAD- 22Apr2022
On the daily, USDCAD rebounded from the 78.6% Fib retracement and on the back of oil price pulling back.
On the H4, price is approaching strong resistance at around 1.2620-1.2630 from the trendlines, MAs and Fibs. We could expect USDCAD to face bearish pressure at this level and pull back lower.
Disclaimer: This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
On the daily, USDCAD rebounded from the 78.6% Fib retracement and on the back of oil price pulling back.
On the H4, price is approaching strong resistance at around 1.2620-1.2630 from the trendlines, MAs and Fibs. We could expect USDCAD to face bearish pressure at this level and pull back lower.
Disclaimer: This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
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