USDCAD is facing bearish pressure from our first resistance, in line with our descending trend line, 23.6% fibonacci retracement and 100% fibonacci extension where a break below our downside confirmation target could provide the bearish acceleration to our first support target.
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.