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USDCAD facing pressure pressure from 1st resistance!

Oleh Tickmill
Broker
USDCAD is facing bearish pressure from its first resistance at 1.2791, in line with the 23% fib retracement and horizontal overlap resistance, where we could see a further drop above this level towards 1st support where 100% fib extension is. Trendline suggests that a pullback is possible before the drop.
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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