USDCAD facing pressure bullish pressure from 1st support!

٢٢ ديسمبر ٢٠٢٠

USDCAD is approaching our 1st support at 1.2826, in line with our 50% fibonacci retracement and horizontal pullback support , where we could see a potential bounce towards our first resistance target where the 50% fib retracement and 100% fib extension are. Ichimoku is also signaling that the price could bounce further from current level.