USDCAD is facing bearish pressure from 1st resistance level, in line with the 61.8% fib extension and 50% fib retracement, where we could see a further drop below this level towards 1st support where the horizontal swing low is. Trendline also shows that price is near resistance.
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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