USDCAD facing bearish pressure, potential for more downside!
USDCAD is facing resistance from horizontal swing high resistance and 78.6% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards 1st support which is in line with -27.2% Fibonacci retracement and 161.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Ichimoku cloud is above prices, showing a bearish pressure for prices.
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