Dólar Americano/Dólar CanadenseViés de baixa
USDCAD facing bearish pressure, potential for more downside!
USDCAD is facing bearish pressure from descending trendline resistance as well as 1st resistance level which coincides with 127.2% Fibonacci extension and 61.8% Fibonacci retracement. Prices might pullback all the way to 1st support which coincides with 100% Fibonacci extension and 127.2% Fibonacci retracement. Prices are also below moving average, showing a bearish pressure to the prices.
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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