USDCAD facing bullish pressure, potential for more upside!
USDCAD is facing bullish pressure from 1st support at 1.26380, in line with 127.2% fib extension, 61.8% fib retracement and horizontal swing low support. We could see a further push towards 1st resistance at 1.27478 where the 100% fib extension is. EMA is also below prices, showing bullish pressure to 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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