Dólar Americano/Dólar CanadenseViés de alta
USDCAD facing bullish pressure, potential for more upside!
Prices are facing bullish pressure from horizontal pullback support which is in line with 38.2% FIbonacci retracement. Prices might push up towards 1st resistance which is in line with 127.2% FIbonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance. If prices fall through 1st support, prices might take support from 2nd support which is in line with 78.6% Fibonacci retracement and 50% Fibonacci extension. 34 EMA is also below prices, showing bullish pressure for 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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