USDCAD facing pressure pressure from 1st reistance, further drop

٨ سبتمبر ٢٠٢٠

Price is facing bearish pressure from the first resistance level, in line with 78.6% fib retracement where we could see a drop to our support level where 50% fib retracement is. Take caution that the EMA is also showing price could go a bit higher before the reversal.