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U.S. Dollar / Canadian Dollar
Short

USDCAD facing pressure pressure from 1st resistance!

By Tickmill
Broker
USDCAD is facing bearish pressure from its 1st resistance at 1.2713, in line with 61.8% fib retracement and 78.6% fib retracement. We could see a further drop below this level towards 1st support where the horizontal pullback support is.Trendline is also suggesting that price could drop further.
CADChart PatternsHarmonic PatternsTrend AnalysisUSDUSDCAD
Tickmill
Broker
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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