USDCAD facing pressure pressure from 1st resistance!

USDCAD is facing bearish pressure from its first resistance at 1.2829, in line with the 61.8% fib retracement and trendline resistance, where we could see a further drop below this level towards 1st support where horizontal swing low is. Trendline suggests that a pullback is possible before the drop.
CADChart PatternsforexsignalsHarmonic PatternsTrend AnalysisUSDUSDCAD

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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