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Dollaro / Dollaro canadese
Short

USDCAD facing bearish pressure, potential for more downside!

Di Tickmill
Broker
Prices are facing bearish pressure from horizontal pullback resistance, in line with 61.8% Fibonacci extension. Prices might push down towards 1st support in line with horizontal swing low support, 78.6% Fibonacci extension and 161.8% Fibonacci retracement. If prices push up further, prices might face resistance from 38.2% Fibonacci retracement. EMA is also above prices, showing a bearish pressure for prices,
CADChart PatternsHarmonic PatternsTrend AnalysisUSDusdcadshort
Tickmill
Broker
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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