USDCAD is facing bearish pressure from our first resistance level, in line with our horizontal overlap resistance, 23.6% fibonacci retracement where we could see a further drop below this level. Ichimoku cloud and 20 EMA are showing signs of bearish pressure as well in line with our bearish bias.
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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