USDCAD facing pressure pressure from 1st resistance !
USDCAD dropped nicely from our 2nd resistance and might go up to retest the 1st resistance where the 61.8% fib retracement is. Price could reverse from 1st resistance towards 1st support where the 100% fib extension is. EMA is also showing that more bearishness is to come.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results