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USDCAD is facing bearish pressure from our first resistance !

Oleh Tickmill
Broker
USDCAD is squeezed in a descending triangle and may go up towards 1st resistance where the 61.8% fib extension and 50% fib retracement are. Price could reverse there towards 1st support where the horizontal swing low and 88% fib retracement are.EMA is also showing signs of support.
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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