USDCAD is facing support from 1st support level in line with horizontal swing low support in line with 78.6% Fibonacci extension. Prices might push up towards 1st resistance in line with horizontal pullback resistance in line with 50% Fibonacci retracement and 127.2%. If prices push down further, prices might face support from -27.2% Fibonacci retracement and 127.2% Fibonacci extension. Ichimoku cloud is also above prices, showing a bearish pressure for prices.
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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.