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USDCAD facing pressure pressure from 1st resistance!

Oleh Tickmill
Broker
USDCAD is approaching our 1st resistance at 1.27469, in line with our 78.6% fibonacci retracement and horizontal swing high resistance, where we could see a further drop to our first support target where the 61.8% fib retracement is. Stochastics is also signaling that the price could reverse further from recent resistance level.
CADChart PatternsforexsignalsHarmonic PatternsTrend AnalysisUSDUSDCAD
Tickmill
Broker
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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