USDCAD facing pressure pressure from 1st resistance!

USDCAD is facing bearish pressure from its first resistance at 1.2873, in line with the 100% fib extension and horizontal swing high resistance, where we could see a further drop above this level towards 1st support where 61.8% fib retracement is. Trendline still supports a bounce after the pullback.
CADHarmonic PatternsTrend AnalysisUSDUSDCAD

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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