USDCAD facing bullish pressure, potential for more upside!

19 באפר׳ 2021

Prices are facing bullish pressure from 1st support which is in line with horizontal swing low support which is in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push up further from 1st support to 1st resistance which is in line withy 78.6% Fibonacci retracement and 127.2% Fibonacci extension. If prices push down further, it might take support from horizontal pullback support which is in line with 127.2% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is facing bullish pressure from 9.69, potential for a bounce.