USDCAD facing bearish pressure, potential for more downside!

2021년 3월 15일

USDCAD is facing bearish pressure from descending trendline resistance as well as 1st resistance level which coincides with 127.2% Fibonacci extension and 61.8% Fibonacci retracement. Prices might pullback all the way to 1st support which coincides with 100% Fibonacci extension and 127.2% Fibonacci retracement. Prices are also below moving average, showing a bearish pressure to the prices.