USDCAD facing bullish pressure pressure from upside confirmation

٢٩ يناير ٢٠٢١

USDCAD is facing bullish pressure from our upside confirmation at 1.2871, in line with the 100% fib extension and horizontal swing high, where we could see a further bounce above this level towards 1st resistance where 127% fib extension is. EMA also shows that price is on support.