USDCAD is facing bearish pressure from 1st resistance at 1.27077, in line with 78.6% fib extension, 78.6% fib retracement and horizontal swing high resistance. We could see a further push towards 1st support at 1.25755 where the 61.8% fib extension and 61.8 fib retracement is. Stochastics is also showing resistance against the 83.82 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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