USDCAD facing bearish pressure, potential for more downside!

5 במרץ 2021

USDCAD is facing bearish pressure from 1st resistance at 1.27077, in line with 78.6% fib extension, 78.6% fib retracement and horizontal swing high resistance. We could see a further push towards 1st support at 1.25755 where the 61.8% fib extension and 61.8 fib retracement is. Stochastics is also showing resistance against the 83.82 level..