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.
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