USDCAD is facing resistance from horizontal swing high resistance and 78.6% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards 1st support which is in line with -27.2% Fibonacci retracement and 161.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Ichimoku cloud is 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.