USDCAD facing bullish pressure, potential for more upside!

8 באפר׳ 2021

Prices are facing bullish pressure from horizontal pullback support, in line with -27.2% Fibonacci retracement and 100% Fibonacci extension. Prices might push up towards 1st resistance which is in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension. If prices push down, it might possibly take support on horizontal swing low support in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement. EMA is also below prices, showing bullish pressure for prices.