USDCAD facing pressure pressure from 1st reistance, further drop
Price is facing bearish pressure from the first resistance level, in line with 78.6% fib retracement where we could see a drop to our support level where 50% fib retracement is. Take caution that the EMA is also showing price could go a bit higher before the reversal.
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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