USDCAD is facing bearish pressure from 1st resistance level, in line with our horizontal overlap resistance, 61.8% fib extension and 61.8% fib retracement, where we could see a further drop below this level if price breaks below. EMA(55) shows signs of bearish pressure, in line with our bearish bias.
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.