USDCAD facing bearish pressure, potential for more downside!

26 במרץ 2021

Prices are facing bearish pressure from 1st resistance which is in line with 161.8% fibonacci retracement and 127.2% fibonacci extension. Prices might push down towards 1st support which is in line with 61.8% fibonacci retracement. If prices push up further, prices might face resistance from 2nd resistance which is in line with -27.2% fibonacci retracement. Stochastics is also facing resistance from 91.31 level.