USDCAD is facing bearish pressure from our first resistance, in line with the 78% fib extension , where we could see a further drop towards 1st support. The longer-term direction is still bearish as the trendline and IChimoku indicate, and we could see price reverse towards our 1st support.
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.