USDCAD is approaching our 1st support at 1.2826, in line with our 50% fibonacci retracement and horizontal pullback support , where we could see a potential bounce towards our first resistance target where the 50% fib retracement and 100% fib extension are. Ichimoku is also signaling that the price could bounce further from current level.
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.