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USDCAD facing pressure pressure from 1st resistance!

Oleh Tickmill
Broker
USDCAD is facing bearish pressure from its 1st resistance at 1.2727, in line with78% fib retracement and 50% fib retracement. We could see a further drop below this level towards 1st support where the horizontal pullback support is.Trendline is also suggesting that price could drop further.

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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