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USDCAD facing bullish pressure pressure from 1st support!

Por Tickmill
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USDCAD is facing bullish pressure from 1st support level, in line with the 61.8% fib retracement and horizontal pullback support, where we could see a further bounce above this level towards 1st resistance where the 161.8% fib extension is. Price is in the middle of a wave 4 correction and could be followed by impulsive wave 5 pushup towards our 1st resistance. EMA(34) also shows that price is on support.
CADChart PatternsforexsignalsHarmonic PatternsTrend AnalysisUSDUSDCAD
Tickmill
Corretora
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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