USDCAD is testing downside confirmation, more downside !

١٧ ديسمبر ٢٠٢٠

USDCAD is approaching our downside confirmation at 1.27354, in line with our 38.2% fibonacci retracement and horizontal overlap support, where we could see a further drop to our first support target where the 78.6% fib extension is. RSI is also signaling that price could reverse further from recent resistance level.