USDCAD is approaching our downside confirmation at 1.27354, in line with our 38.2% fibonacci retracement and horizontal overlap support, where we could see a further drop to our first support target where the 78.6% fib extension is. RSI is also signaling that 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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