USDCAD broke above the descending trendline and is approaching our 1st resistance where the 78.6% fib extension joins the 78.6% fib retracement. Price could reverse here towards 1st support where the horizontal swing low and 61.8% fib retracement are. RSI is also showing signs of resistance.
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.