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USDCAD facing pressure pressure from 1st resistance!

由Tickmill提供
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USDCAD is facing bearish pressure from its 1st resistance at 1.2581, in line with 127% fib retracement and horizontal overlap resistance. We could see a further drop below this level towards 1st support where the 161.8% fib retracement is. EMA is also suggesting that price could drop further.
CADChart PatternsHarmonic PatternsTrend AnalysisUSDUSDCAD
Tickmill
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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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