USDCAD is facing resistance from horizontal swing high resistance, 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards -27.2% Fibonacci retracement and 161.8% Fibonacci extension fibonacci confluence area. If prices push up further, prices might face resistance from 2nd resistance in line with 127.2% Fibonacci retracement and 161.8% Fibonacci extension. Ichimoku cloud is also 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.