USDCAD is approaching our downside confirmation at 1.27354, in line with our 38.2% fibonacci retracement and horizontal overlap support, where we could see a further drop to our first support target where the 78.6% fib extension is. RSI is also signaling that price could reverse further from recent resistance 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.