USDCAD is facing bullish pressure from 1st support level, in line with the 61.8% fib retracement and horizontal pullback support, where we could see a further bounce above this level towards 1st resistance where the 50% fib retracement and 88% fib retracement are. EMA(34) also shows that price is on support.
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.