USDCAD facing pressure pressure from 1st resistance!

١٨ ديسمبر ٢٠٢٠

USDCAD is approaching our 1st resistance at 1.27469, in line with our 78.6% fibonacci retracement and horizontal swing high resistance, where we could see a further drop to our first support target where the 61.8% fib retracement is. Stochastics is also signaling that the price could reverse further from recent resistance level.