USDCAD facing bearish pressure, potential for more downside!
Prices are facing bearish pressure from horizontal swing high resistance which is in line with 100% Fibonacci extension and 61.8% Fibonacci retracement as well as descending trendline resistance. Prices might push down further to 1st support which is a horizontal swing low support in line with 127.2% FIbonacci retracement and 127.2% FIbonacci extension. If prices push up further, prices might face resistance from 161.8% FIbonacci retracement and 127,2% Fibonacci extension. Ichimoku cloud is also above prices, showing a bearish pressure for prices.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.