USDCAD is facing bullish pressure from our first support, in line with the 78% fib extension , where we could see a further bounce towards 1st resistance. Although the longer-term direction is still bearish as the trendline and IChimoku indicate, we could see limited pushup towards our 1st resistance before a reversal. Stochastics is also indicating bullish momentum.
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.