USDCAD is facing bearish pressure from our first resistance, in line with the 38.2% fib retracement , where we could see a further drop towards 1st support. The Ichimoku cloud is showing signs of increasing bearishness as price approaches our 1st resistance.
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.