USDCAD facing bullish pressure, potential for more upside!
Prices are facing bullish pressure from horizontal swing low support which is in line with 100% Fibonacci extension and 127.2% Fibonacci retracement. Prices might push up towards 1st resistance in line with 100% Fibonacci extension and 161.8% FIbonacci retracement. If prices fall through 1st support, prices might take support from 50% Fibonacci extension and 61.8% Fibonacci retracement. Stochastics is also approaching 3.46 level, potential for a bounce.
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