USDCAD is facing bearish pressure
USDCAD is facing bearish pressure from our first resistance, in line with our horizontal pullback resistance and 23.6% fibonacci retracement where we could see a further drop below this level. Our 20 EMA is showing signs of bearish pressure as well, in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.