USDCAD facing pressure pressure from 1st resistance!

٢ فبراير ٢٠٢١

USDCAD is facing bearish pressure from its first resistance at 1.2873, in line with the 100% fib extension and horizontal swing high resistance, where we could see a further drop above this level towards 1st support where 61.8% fib retracement is. Trendline still supports a bounce after the pullback.