USDCAD is facing bullish pressure from its first support at 1.2755, in line with the 61.8% fib retracement and 78% fib extension, where we could see a further bounce above this level towards 1st resistance where horizontal swing high is.Trendline is also suggesting that price could pull back to the trendline before further drop.
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.