USDCAD facing bullish pressure, potential for more upside!

23 במרץ 2021

Prices are facing bullish pressure from 1st support which is a horizontal swing low support which is in line with 127.2% fibonacci retracement and 127.2% fibonacci extension. Prices might push towards 1st resistance which coincides with 61.8% fibonacci retracement and 161.8% fibonacci extension. If prices fall through 1st support, prices might push towards 2nd support which coincides with horizontal swing low support and 127.2% fibonacci extension. EMA is also below prices, showing a further bullish pressure on prices.