USDCAD is facing bearish pressure, potential for further drop

11 בדצמ׳ 2020

USDCAD is facing bearish pressure from our first resistance, in line with our 50% Fibonacci retracement and 100% Fibonacci extension and 100 EMA, where we could see a further drop to our first support target. A break below our downside confirmation level would provide the bearish acceleration to our first support target.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks