USDCAD facing bearish pressure, potential for more downside!

2021년 3월 1일

USDCAD is facing bearish pressure from its 1st resistance at 1.27478, in line with 100% fib extension and horizontal swing high resistance. We could see a further drop towards 1st support at 1.26538 where the 61.8% fibonacci retracement, 127.2% fibonacci extension and horizontal pullback support is. Stochastics is also showing resistance against the 86.26 level.