USDCAD facing pressure pressure from 1st resistance!

١٦ ديسمبر ٢٠٢٠

USDCAD is facing bearish pressure from our first resistance, in line with our 61.8% fibonacci retracement and horizontal pullback resistance, where we could see a further drop to our first support target where the 61.8% fib extension is. Stochastics is also signaling that price could reverse upon reaching the resistance level at 93.28.