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USDCAD facing bullish pressure, potential for more upside!

USDCAD is facing bullish pressure from 1st support in line with 78.6% fibonacci retracement and 161.8% fibonacci extension. Prices might push up to 1st resistance which coincides with 61.8% fibonacci retracement and 100% fibonacci extension. Stochastics is also showing that it is facing bullish pressure as it is taking support from 1.78 level.

Tickmill

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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