USDCAD is facing bullish pressure from our first support !

٧ ديسمبر ٢٠٢٠

USDCAD is facing bullish pressure from our first support, in line with the 100% fib extension , where we could see a further bounce towards 1st resistance. Although the longer-term direction is still bearish as the trendline indicates, we could see a possible pullback to the trendline towards 1st resistance as Stochastics indicates.