USDCAD is facing bearish pressure from its downside confirmation at 1.2671, in line with EW structure where wave 3 ends. We could see a further drop below this level towards 1st support where 100% fib extension is.EMA 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
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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.