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USDCAD facing bullish pressure, potential for more upside!

Oleh Tickmill
Broker
USDCAD is facing bullish pressure from 1st support which is also a horizontal pullback support and 61.8% fibonacci retracement. Prices might bounce to 1st resistance which coincides with horizontal swing high resistance, 61.8% fibonacci extension and 50% fibonacci extension. Stochastics is also showing that prices are taking support from the 6.79 level.
CADChart PatternsHarmonic PatternsTrend AnalysisUSDusdcadlong
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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