Price is facing bearish pressure from our 1st resistance, where we could see a further drop below this level. 1st resistance happens to be where the 50% fib retracement is and could provide some resistance for USD CAD for price to reverse and drop.
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.