USDCAD bounced from its 1st support at 1.3142 towards 1st resistance at 1.3206 where the 61.8% fib retracement and the trendline resistance are. Price could pull back to the trendline and reverse from there. EMA also indicates that further downside could come.
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.