USDCAD facing bullish pressure, potential for more upside!
Prices have broken the descending trendline resistance and are facing bullish pressure from 50% Fibonacci retracement and 50% Fibonacci extension. Prices might push up towards 1st resistance which is a swing high resistance, in line with 161.8% Fibonacci retracement and 50% Fibonacci extension. If prices push lower, prices might take support from horizontal swing low support, in line with 50% Fibonacci retracement. EMA is also below prices, showing a bullish pressure for prices.
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