USDCAD is facing bearish pressure from our first resistance !

١٤ ديسمبر ٢٠٢٠

USDCAD is facing bearish pressure from our first resistance, in line with our 61.8% fibonacci retracement and horizontal swing high, 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 make a limited pushup towards our 1st resistance before a reversal.