USDCAD is facing bearish pressure from our first resistance !

٢١ ديسمبر ٢٠٢٠

USDCAD is approaching our 1st resistance at 1.28718, in line with our 38.2% fibonacci retracement and 78.6% fib extension , where we could see a potential reversal towards 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.