USDCAD is facing bullish pressure from our first support, in line with the 61.8% fib extension, where we could see a further bounce towards 1st resistance where the 38% fib retracement is. Stochastics also indicates price is reaching support zone.
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.