USDCAD is facing bullish pressure from our first support, in line with the 100% fib extension , where we could see a further bounce towards 1st resistance. Although the longer-term direction is still bearish as the trendline indicates, we could see a possible pullback to the trendline towards 1st resistance as Stochastics indicates.
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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