USDCAD is facing bearish pressure from its downside confirmation at 1.2755, in line with the 61.8% fib retracement and 78% fib extension, where we could see a further drop below this level towards 1st support where horizontal overlap support is.Trendline is also suggesting that price could drop further.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Disclaimer
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.
Disclaimer
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.