USDCAD is testing our upside confirmation where the horizontal overlap resistance and 61.8% fib retracement are. Price could bounce further from there towards 1st resistance where the horizontal swing high and 78.6% fib extension are.EMA is also showing signs of support.
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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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.