USDCAD - Facing a Critical Resistance area!

USDCAD has faced a critical resistance area with a trendline resistance at 1.27500. This resistance is behaving a strong zone and now as the sentiment is not good maybe it will get respect again. So if sellers are still incharge they can easily drag the price towards 1.26500 to 1.25500 level or further towards the next support zone. On the other side if the buyer gets control (although not easy at all) they can push the price to 1.28500 and that is a fib level resistance also. On breaking that level than can eye 1.3000 level. Good Luck!

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