USDCAD facing bearish pressure, potential for more downside!

Prices are facing bearish pressure from 1st resistance which is in line with 61.8% fibonacci extension and 78.6% fibonacci retracement. Prices might push down towards 127.2% fibonacci retracement and 50% fibonacci extension. Stochastics is also showing bearish pressure from 91.25 which is in line with our analysis that price might push downwards.
CADChart PatternsHarmonic PatternsTrend AnalysisUSDusdcadshort

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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