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USDCAD facing pressure pressure from 1st reistance, further drop

Oleh Tickmill
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Price is facing bearish pressure from the first resistance level, in line with the 127% fib extension where we could see a drop to our support level where 78.6% fib retracement is. Stochastics also shows that price is reaching resistance.
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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