USDCAD facing bullish pressure pressure from 1st support!

12 בינו׳ 2021

USDCAD is facing bullish pressure from 1st support level, in line with the 61.8% fib retracement and horizontal pullback support, where we could see a further bounce above this level towards 1st resistance where the 161.8% fib extension is. Price is in the middle of a wave 4 correction and could be followed by impulsive wave 5 pushup towards our 1st resistance. EMA(34) also shows that price is on support.