USDCAD is facing bearish pressure from its first resistance at 1.2829, in line with the 61.8% fib retracement and trendline resistance, where we could see a further drop below this level towards 1st support where horizontal swing low is. Trendline suggests that a pullback is possible before the drop.
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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