USDCAD facing bullish pressure, potential for more upside!
USDCAD is facing bullish pressure from 1st support level which coincides with a 50% fibonacci extension. Prices might bounce towards 1st resistance which coincides with 61.8% fibonacci extension and 61.8% fibonacci retracement. If prices fall through 1st support, prices might reach 2nd support which coincides with -27% fibonacci retracement and 100% fibonacci extension. Stochastics is also reaching 6.02 support level.
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