USDCAD facing bearish pressure, potential for more downside!
USDCAD is facing bearish pressure from 1st resistance which is in line with 61.8% fibonacci retracement and 100% fibonacci extension. Prices might push down towards 1st support which is line with 100% fibonacci extension and 127.2% fibonacci retracement. Stochastics is also showing resistance from the 83.84 level.
Disclaimer
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.