USDCAD facing bullish pressure, potential for more upside!

22 באפר׳ 2021

Prices are facing bullish pressure from ascending trendline support, which is in line with horizontal swing low support, 127.2% Fibonacci retracement and 161.8% Fibonacci extension. Prices might push up towards 1st resistance which is in line with horizontal pullback resistance, 50% Fibonacci retracement and 50% Fibonacci extension. If prices fall through 1st support, prices might take support from 127.2% Fibonacci retracement and 161.8% Fibonacci retracement. Stochastics is also approaching support level at 7.63 level, potential for bounce.